The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
All in Forecast
The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
Mortgage rates high, housing market cooling
Rates are now expected to remain higher for longer.
Cutting rates too soon could reignite the housing market, undermining progress on inflation.
Inflation & global uncertainty will likely lead Bank to hold steady
Could a buyer's market be on the horizon?