Rates are now expected to remain higher for longer.
All in Rates
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
The Central Bank Signals Potential Shift Towards Future Cuts
Canadians felt the pinch a bit tighter in December as inflation ticked up to 3.4%
A slower economy and inflation give the Bank of Canada pause.
The Bank of Canada is anticipated to either raise rates or keep them on hold in their announcement December 6th.