Reuters
The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed. A weaker Canadian dollar versus the greenback this year has sparked debate among investors about how much the BoC would be prepared to diverge from its U.S. counterpart. The BoC's benchmark interest rate, at 5%, already sits 38 basis points below the midpoint of the range set by the Fed for its policy rate.