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- Economists expect the Bank of Canada to cut interest rates this week due to easing inflation, which dropped to 2.7% in June, lower than anticipated.
- Rising unemployment and subdued business growth forecasts also support another rate cut, following last month's reduction from 5% to 4.75%.
- Economists warn that delaying further cuts could have negative economic repercussions.
Interest Rate Cut Possible This Week: Economists
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