The Bank of Canada is set to decide whether to cut, hold or increase interest rates on Wednesday — and a growing number of economists say they are anticipating a cut.

“We think that the Bank of Canada should and will cut interest rates again next week,” said Andrew Grantham, executive director and senior economist at CIBC.

“Recent data hasn’t been particularly threatening from an inflation point of view, and so we think that the Bank of Canada has room to respond to the signs of a slowing in the economy.”

The Bank of Canada’s upcoming decision comes after several rounds of economic data released over the summer that suggest the economy and labour market are weakening.

That includes the third straight drop in gross domestic product in June , and recent consumer price index repor

See Full Page