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Navigating Interest Rate Cuts in Canada
This chapter explores the recent 25 basis point interest rate cut by the Bank of Canada and its effects on the economy, including inflation pressures and supply dynamics. It delves into the relationship between rate cuts and rising consumer debt, particularly in the subprime lending sector, while discussing the implications for housing markets and mortgage borrowers. The conversation also includes insights into the Federal Reserve's expectations and the broader economic landscape shaped by geopolitical factors.