Investing
Bank of Canada may cut rates to ease mortgage renewal stress, says economist
© Reuters.
Economist Dylan Smith has indicated that the Bank of Canada might be considering a rate cut to help homeowners struggling with mortgage renewals. The central bank’s strategy aims to ensure financial stability and timely policy adjustments in the face of these pressures. Smith’s insights suggest that this move could be imminent, offering relief to those facing challenges during their mortgage renewal period.
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