The Globe and Mail reports in its Friday, Sept. 4, edition that interest rates are expected to stay low for longer as the Bank of Canada (BOC) tries to lift the economy out of a mild recession. A Reuters dispatch to The Globe reports that Canada's economic slowdown has prompted two 25-basis-point BOC rate cuts this year. Although analysts see a sizable 40-per-cent possibility the BOC will cut again at some point despite rates sitting at only 0.5 per cent, they peg the chance of a hike at 55 per cent, though it will not come for 1-1/2 years. While the median forecast from a Reuters poll of 40 economists suggests no change in rates on Sept. 9, forecasters pegged the probability of another 25-basis-point cut at 25 per cent, particularly after the bank's first rate cut this year in January was unexpected. Markets are also pricing in a small risk of more easing next week. TD Securities analyst David Tulk says: "The Bank of Canada will be comfortable remaining on the sidelines. ... There is still a risk they might cut given that the outlook has weakened. But they don't have the same urgency to respond to a weaker-than-expected performance in the economy like they did back in July."