Latest / The Canadian Real Estate Investor
Rate Cuts & Recession Debates: Canada's Economic Crossroads
The Bank of Canada has made its 5th consecutive rate cut, dropping rates by 50 basis points, creating a 150bps differential with US rates - the largest since 1997. While the housing market shows increased activity without price inflation, there's disagreement between former governor Poloz and current governor Macklem about whether Canada is in a recession. A recent poll shows Canadians prefer a strong dollar (61%) over lower interest rates (39%)
The housing market is experiencing increased activity without price inflation, which the Bank of Canada views as a positive development
Former…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.