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10: Bank of Canada Holds Rates Steady - When Will We See Rate Cuts?
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EPISODE DESCRIPTION
In this episode, Tom & Brandon explain the recent Bank of Canada Announcement which held the variable rate, meaning still no cuts this year after multiple increases since the pandemic.
What was discussed:
→ Why we haven't seen any rate cuts yet and when we might see the first rate cut this year.
→ The influence the US has on Canada and how Canadian politics will play their part.
→ And why the fixed rates will most likely increase soon.
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