Does the Bank of Canada have a Choice? (Inflation rate is too low)
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In this episode, we break down what to expect from the Bank of Canada's upcoming interest rate decision. With weak economic growth, rising unemployment, and inflation below target, many predict a larger-than-usual cut could be on the way. But will it really impact mortgage rates, or has the effect already been priced in?
Also in this episode:
🟢 Toronto’s new condo sales hit a 30-year low, with investors pulling back due to high interest rates, causing financing issues for builders and leading to project delays or cancellations.
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