Canada’s merchandise trade deficit ballooned to a record $7.1 billion in April, prompting CIBC to say the economic hit supports interest rate cuts at the Bank of Canada’s next two meetings. 

Canada’s merchandise trade deficit ballooned to a record $7.1 billion in April, prompting CIBC to say the economic hit supports interest rate cuts at the Bank of Canada’s next two meetings.  Mortgage Rates & Mortgage Broker News in Canada