Tag: bankofcanada
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Ontario housing Doest not seems to be in better situation soon !
Read more: Ontario housing Doest not seems to be in better situation soon !As We are living in 2024 ( Tajinder Mukhi ) in Canada and its not though official that country is in Recession but Canadians are struggling to survive with the current income package. Grocery prices are sky rocketing, taxes are increasing and in a parallel world housing market of Toronto and Ontario is getting unaffordable.…
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Canadians could see the lending rate drop to 2.75% by the end of 2025
Read more: Canadians could see the lending rate drop to 2.75% by the end of 2025Canadians could see the current 4.5% overnight lending rate drop to 2.75% by the end of 2025. ( Tajinder Mukhi )The Bank of Canada cutting the interest lending rate to 4.5% and speculating that the overnight lending rate could drop further to 2.75% by the end of 2025. This would indicate a potential easing of…
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Bank of Canada is going to cut down interest rate second time?
Read more: Bank of Canada is going to cut down interest rate second time?Based on the information provided, it seems that the lower-than-expected inflation reading has contributed to market expectations that the Bank of Canada (BoC) might consider a second interest rate cut. Here’s a breakdown of how this situation unfolds ( Tajinder Mukhi ) To confirm whether the Bank of Canada will indeed announce a second rate…