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Podcast: The Real Estate Espresso Podcast
Episode: Rate Cuts Are Coming
Description: On today’s show we are taking a look at the most recent announcement from the Bank of Canada. Today the Bank of Canada lowered its benchmark rate by 0.25% to 4.5%. That means the US and Canada have a full percentage point difference between the benchmark lending rates of the two central banks.
This makes for two back to back rate cuts in Canada. The Bank of Canada cut its key lending rate by 0.25 back in June.
The message from the Governor of the Bank of Canada was that lower rates were appropriate in order to stim...