BoC cuts interest rate after 6 consecutive holds

Wednesday Jun 5th, 2024

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Today the bank of Canada announced the long awaited interest rate cut this morning after 6 consecutive holds. Starting with a very cautious -0.25%, changing the new target to 4.75% , this announces the new shifting in the Real Estate Market , encouraging more buyers that were waiting in the side lines to start their new journey , in the table below you can see the most recent announces from the BoC. Interest Rate announcements Date Target (%) Change... [read more]

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