• 11/11/2024

Bank of Canada to Cut Rates Deeply Due to Drag From Mortgage Renewals

Wall Street Journal

The Bank of Canada will need to cut its policy rate at a faster and deeper rate than financial markets realize, due to a “persistent drag” on spending from pending mortgage renewals, Desjardins Securities predicts.

https://www.wsj.com/articles/bank-of-canada-to-cut-rates-deeply-due-to-drag-from-mortgage-renewals-8852250a