Jumbo Rate Cut From the Bank of Canada Next Week
Автор: Steve Saretsky
Загружено: 2024-10-19
Просмотров: 13708
Описание:
Inflation slowed more than expected, coming in at 1.6% and below the BoC's target range. The Bank of Canada is now poised to deliver a 50bps rate cut next week. The housing resale market is showing signs of coming back to life, notching a noticeable increase in activity in recent weeks. This should not be unexpected given the recent decline in mortgage rates. The BC housing market awaits the results of the provincial election.
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