Mubasher: The Bank of Canada will cut its key interest rate to at least zero this year, according to Barclays.
The bank could move toward negative rates to offset lower crude oil prices.
The London-based bank expects the Bank of Canada to cut its overnight target rate 25-basis points to 0.25% and a total of at least 50 basis points in 2016.
Lower crude oil prices, softer than expected economic data and concerns about the Chinese economy are weighing on the Canadian economy.
