Canada had elections last night, but the BOC might have a bigger job than the new PM, a former boxing champ with boyish looks. Though Bank of Canada has already cut rates by 50 basis points in 2015 to 0.5%, an analyst at HSBC envisages a scope for another 25bp rate cut by year-end. David G. Watt of HSBC said in his Oct. 19 research note titled “Crude realities” that he believes that, similar to many EM countries, growth in Canada disappointed in the first half of the year. Canada takes on shades of EM Watt rationalizes four trends that could hamper…
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