Bank of Canada Cuts 50bps, Says Price Growth Isn't Slam Dunk
#bankofcanada #canadianeconomy #canadarealestate
The Bank of Canada cut interest rates by 50bps this morning, which had 0 impact on fixed mortgage rates – something addressed by Governor Tiff Macklem at the Bank’s Press Conference. The Bank noted its worry Canada’s real estate market could take back off on the Bank’s lower policy rate.
Links:
Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire:
• Release of the Monetary Policy Report...
Monetary Policy Report Press Conference Opening Statement:
https://www.bankofcanada.ca/2024/10/o...
Bank of Canada nears decision on oversized rate cut:
https://www.theglobeandmail.com/busin...
New 30-year mortgage, down payment rules stoke fears of rising home prices:
https://www.thestar.com/real-estate/n...
Canada 5 Year Government Bond:
https://www.marketwatch.com/investing...
Bank of Canada plans to keep interest rate near zero until 2023:
https://www.cbc.ca/news/canada/bank-o...
High inflation is ‘transitory but not short-lived,’ says BoC governor Tiff Macklem:
https://www.theglobeandmail.com/busin...
They bought their home in March 2022. Why this Ontario couple calls the purchase a nightmare:
https://www.cbc.ca/news/canada/london...
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