We've never seen a market like this before.
All in Forecast
We've never seen a market like this before.
The BoC is more concerned with averting a recession than controlling inflation.
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.