Hike in jobless rate to sway Bank of Canada to cut rates: CIBC

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Watch: 'The Bank of Canada should be cutting interest rates,' says Andrew Grantham

Published Jul 09, 2025

< 1 minute read

Bank of Canada governor Tiff Macklem during a news conference.

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Andrew Grantham, executive director and senior economist at CIBC Capital Markets, talks with Financial Post’s Larysa Harapyn about how the hike in the jobless rate may sway the Bank of Canada to cut rates. “We think the Bank of Canada should be cutting interest rates,” he said. “They will cut interest rates in the second half of this year. They just need to be a little bit more comfortable.”

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National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
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