Bank of Canada officials agree that further interest rate cuts may be possible, but expect the pace to be more gradual

On December 24th, minutes from the Bank of Canada meeting showed that the decision to lower interest rates by 50 basis points was a nearly difficult choice to make; The members discussed the reasons for cutting interest rates by 25 basis points and 50 basis points. Bank of Canada officials agree that further interest rate cuts may be possible, but the pace is expected to be more gradual.