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<\/source><\/source><\/source><\/source><\/source><\/picture>Big bank economists are leaning to a 50-basis-point cut from the Bank of Canada in December. <\/span> Photo by Brent Lewin\/Bloomberg<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\n
Just a week ago it was a coin toss whether the Bank of Canada would cut 25 basis points or 50 off its benchmark interest rate on Wednesday.<\/p>\n
But that all changed Friday.<\/p>\n
After the release of data that showed the jobless rate had hit a seven-year high, markets boosted expectations of a 50-bps cut to 80 per cent and two of the Big Six bank economists changed their forecast.<\/p>\n<\/section>\n
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