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Bank of Canada risks home price runup with key rate cut [Video]

Canadian National News

Post author By Curator
Post date October 24, 2024

The Bank of Canada lowered its key rate by 50 basis points Wednesday, and signalled more cuts are likely.

Andrew Francis Wallace Toronto S

The Bank of Canada is walking a tight rope as they rapidly cut the key interest rate to salvage the country’s sluggish economy while risking a drastic run-up in real estate demand and pricing.

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