The Longer the First Rate Cut Takes, the Lower Our Variable Mortgage Rates Will Go
Last week the Bank of Canada held its policy rate steady at 5%. That decision was widely expected, but the Bank of Canada (BoC)’s continued use of hawkish language in its accompanying statement was not. The BoC will need to start cutting its policy rate soon if it still intends to skate where the puck is going. Our economy has…
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