Bank of Canada cuts key interest rate by 50 basis points amid softer economic

Bank of Canada Delivers Second Consecutive Interest Rate Cut 📉 | Rate Now at 3.25%"

📢 Breaking News: The Bank of Canada has announced its second consecutive interest rate cut, lowering the policy rate by half a percentage point to 3.25%. This marks the fifth rate cut in a row, signalling a shift in Canada’s economic outlook.

🏦 Key Highlights:

The Bank of Canada Governor Tiff Macklem acknowledged a "softer economic outlook" and slower GDP growth compared to earlier projections.
Despite inflation returning to the 2% target, unemployment rates in Canada have risen, and real GDP growth fell short of expectations in the third quarter.
The move comes amidst growing signs of an economic slowdown and aligns with market and economist predictions.
What does this mean for you?

Lower interest rates could mean reduced borrowing costs for mortgages, loans, and businesses.
Stay informed on how this decision might impact the real estate market, homebuyers, and homeowners in Canada.
📌 Watch to learn:
✅ What the 3.25% rate means for the housing market.
✅ How it could affect your mortgage payments.
✅ The outlook for Canada’s economy in the months ahead.

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📞 Contact Uzain Ali: 416-822-0202
📧 Email: [email protected]
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