Andrew Grantham, executive director and senior economist at

CIBC Capital Markets

, talks with Financial Post’s Larysa Harapyn about how the hike in the

jobless rate

may sway the

Bank of Canada

to cut rates. “We think the Bank of Canada should be cutting

interest rates

,” he said. “They will cut interest rates in the second half of this year. They just need to be a little bit more comfortable.”

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• Email: lharapyn@postmedia.com