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Podcast: The Real Estate Espresso Podcast
Episode: Bank of Canada Drops Interest Rates
Description: On today’s show we are seeing another central bank drop their benchmark lending rate. The Bank of Canada dropped its benchmark interest rate for the third time in a row, leaving the rate at 4.25%. This is in stark contrast to the US Fed Funds rate which remains at 5.25%-5.5%.
Each country seems to behave like they are economic islands. But we have a globally interconnected economy and no country is an island unto itself.
We are not insulated from what is happening in Europe, or in China. We have a globally synchronized economic cycle tha...