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The Bank of Canada's Pause Continues for 2024 - E19
In this episode of The Flow: Real Estate & Money Show, Alex McFadyen, your host, discusses the Bank of Canada's (BOC) decision to maintain the overnight rate at 5% in January 2024, and essentially removing rate hikes from its immediate plans. Alex interprets and walks through the BOC's confidence in inflation returning to normal, and speculates about future reductions in interest rates influenced by several factors including the housing market, economic indicators (domestic and abroad), and immigration. Alex also highlights the impact of U.S economic activities on Canada's economic decisions…
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