The Bank of Canada Shocks The Bond Market- w/ guest Robert Asselin
The Loonie Hour
00:00
The Non-Zero Event in Canada
The economy is proving to be a bit more resilient than we expected. Inflation is being a bit more stubborn. So interest rates are higher for longer. A lot of these new development, these housing supply projects are actually no longer feasible because the cost of capital has become so expensive that these projects no longer pencil. It's actually turning off right now.
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