Bank of Canada Rate Cut Still Seen Ahead as Oil's Dive Deepens

  • Derivatives imply about 50% chance of reduction by April
  • Bet on lower rates just delayed: Standish Mellon's Murphy

Investor Shock Grows as Bank of Canada Stays Pat on Rates

For Brendan Murphy at Standish Mellon Asset Management Co., the Bank of Canada’s decision to keep borrowing costs steady doesn’t spoil his bet on a rate cut -- it just means it’s not ripe yet.

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