The Bank of Canada governor raised the possibility of speeding up interest rate cuts amid growing concerns about growth. He hinted that policymakers could shift to a larger 50 basis point rate cut if economic growth disappoints. The G7 nation's economy grew at an annualized rate of 2.1% in the second quarter, but there are growing concerns that falling oil prices, rising unemployment, and declining immigration could push Canada towards stagnation. Rate setters are increasingly worried about Canada's labor market and the potential impact of falling oil prices on the economy. (Gold Ten)