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Bank of Canada Cuts Rates for Second Straight Month

Bank of Canada Cuts Rates for Second Straight Month

by Phil Hall | Jul 24, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Bank of Canada cut its key policy rate for the second consecutive month, slicing away 25 basis points to achieve a 4.5% level. In announcing the rate cut, the central bank predicted Canadian GDP growth to increase in the second half of 2024 and into 2025, adding...
Bank of Canada Announces First Rate Cut in 4 Years

Bank of Canada Announces First Rate Cut in 4 Years

by Phil Hall | Jun 5, 2024 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Bank of Canada reduced its main interest rate by 25 basis points to 4.75%, the central bank’s first rate cut in four years and the first rate cut this year enacted by a G7 nation. “With further and more sustained evidence underlying inflation is easing,...

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