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How will the Bank of Canada’s latest and future rate cuts affect the housing market and mortgage holders?

The Bank of Canada on Sept. 4 cut its key interest rate by 0.25 percentage points to 4.25% for the third time in a row. Bank Governor Tiff Macklem said it may adjust the pace of interest rate cuts if economic data dictates. “If...
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BANK OF CANADA delivers another 0.25% cut, signals further cuts to come!

The Bank of Canada cut interest rates by a quarter percentage point (0.25%) for the second time in a row at is meeting on July 24 and signaled further monetary easing as inflation concerns ease. The Bank’s management, led by Governor Tiff Macklem, cut...
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Markets are betting on Bank of Canada’s second rate cut this week

Economists and market watchers are betting the Bank of Canada will make another interest rate cut this week amid growing evidence that inflation is on a steady decline. Expectations that the bank will cut its key interest rate at its scheduled meeting this Wednesday...
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Canada’s housing market continued to cooldown in May ahead of a long-awaited rate cut in June

Home prices and sales activity in Canada fell slightly in May, although market watchers will be eagerly watching June data to see how potential home buyers react to the Bank of Canada’s interest rate cut earlier this month. New data released by the Canadian...
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What does the Bank of Canada’s rate cut mean for the mortgages, credit lines and real estate markets?

The Bank of Canada today cut its key interest rate by a quarter percentage point to 4.75 percent for the first time in four years. Here’s what this could mean for your finances and the real estate market. What does this mean for consumers?...
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