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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