Will the Bank of Canada Rate Cut Help Mortgages? (Some Yes, Some No)
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In this episode, we look at how the Bank of Canada's latest rate cut impacts Canadians with variable and fixed-rate mortgages. While the rate drop offers relief for some, experts say it might take further reductions to significantly affect the real estate market, particularly in high-priced cities like Toronto and Vancouver.
Also in this episode:
🛫 Air Canada pilots are offered a 30% pay raise, but will it be enough to avert a strike?
📉 U.S. job openings hit a 3.5-year low, sparking concerns about the strength of the job market.
📉 U.S. Steel shares plunge as the White House considers blocking a $14.9 billion sale to Nippon Steel.
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