Canada's Inflation Rate Hits 3-Year Low (Yes, it's Below the BoC Target)
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In this episode, Canadaās inflation rate hit 1.6% in September, marking the lowest since 2021. Lower gas prices and easing rent increases drove the drop, but food costs remain stubbornly high. With inflation under the Bank of Canadaās 2% target for two months, could rate cuts be on the horizon? We break down what this means for the economy and your budget.
Also in this episode:
š TD Bankās $3B Fine and U.S. Growth Freeze
TD Bank faces a $3.09 billion fine and asset cap after pleading guilty to money-laundering failures. With its U.S. retail growth stalled, the bank shifts focus to corporate banking as new leadership takes over in 2025.
š Will Canadaās Housing Market Stay Stuck Until 2025?
Despite rate cuts, Canadaās housing market is still struggling. The Canadian Real Estate Association (CREA) predicts a slow recovery, with home prices barely growing in 2024. Will the market finally rebound by spring 2025?
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