The Bank of Canada is probably done raising interest rates and will hold them at 5.00% for at least six months, according to a Reuters poll of economists...
BENGALURU - The Bank of Canada is probably done raising interest rates and will hold them at 5.00% for at least six months, according to a Reuters poll of economists that found a majority expecting a reduction in the second quarter of 2024 as the economy slows.
The risk of a revival in inflation, last measured at 3.8%, has led most to forecast now is not the time for the central bank to strongly signal they are done raising rates. While most are confident the central bank is done hiking, a significant minority of economists who answered an additional question, 8 of 18, said the risk of the BoC raising rates at least once more is "high".With inflation still running at nearly double the BoC's 2.0% target and not expected to fall that low until at least 2025, the central bank does not yet have leeway for policy easing.
Housing market activity has dropped off and house prices are also falling as higher mortgage rates put pressure on households among the most indebted in the world. The former MI6 agent Christopher Steele had a friendship with Ivanka Trump that enraged her father when he found out, Steele said in court Tuesday.Marjorie Taylor Greene Accidentally Reveals Truth About House RepublicansIndian-born Canadians and their family members are lining up around the clock in Brampton for a chance to get a piece of government ID — one they didn't need until a few weeks ago — that will allow them to travel home.
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