With inflation below target, BoC expected to deliver supersized rate cut this week

Forecasters expect the Bank of Canada to speed up the pace of interest rate cuts and lower its policy rate by half a percentage point this week. The central bank's interest rate announcement on Wednesday comes after Statistics Canada reported the annual inflation rate in September tumbled to 1.6 per cent — below the Bank of Canada's two per cent inflation target.Download the CTV News App for breaking news alerts and video on all the top storiesNathan Janzen, an assistant chief economist at