Latest / How Canadian Markets Work
Episode 26: How a Rate Decision Reaches You
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Episode Summary The Bank of Canada sets one single interest rate that governs an overnight market ordinary citizens can never access. Yet, that overnight rate moves your mortgage, your savings account, the Canadian dollar, and house prices. In this episode, John and Jane open up the "transmission mechanism" to explain how central bank decisions ripple through five distinct channels. They also explore a massive structural difference between Canadian and American mortgages that makes…
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