The Bank of Canada has cut interest rates for the second time this year, on July 24th it cut 25 basis points. It cut its benchmark interest rate for the first time in four years back on on June 5 of this year. There are so many more questions to ask in this volatile, interest rate sensitive economy, such as
- why are they cutting
- what does this cut mean for buyers, sellers and mortgage holders
- Are there more cuts to come & if so, when
- and why we are seeing rate cuts and is that a good thing for Canadians?
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