As Oil Slumps, Bets Shift to Jan. 20 Bank of Canada Rate Cut

  • BMO and CIBC join TD in calling for 0.25% overnight rate
  • Crude at about $30 makes some oil production `uneconomic'

The Bank of Canada will cut interest rates next week to stem the widening economic damage from slumping oil prices, according to a growing number of economists and investors.

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