Bank of Canada head says can still diverge from Fed on rates

4:06 pm Wednesday, June 12th, 2024

MONTREAL (Reuters) – There is a limit to how far the Bank of Canada can diverge from the U.S. Federal Reserve when it comes to cutting rates but the Canadian bank is nowhere near that limit, Governor Tiff Macklem told a Montreal conference on Wednesday.

(Reporting by Allison Lampert and Promit Mukherjee, editing by David Ljunggren)

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