Inflation Expectations and Price Stability
Friday Mar 21st, 2025
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The Bank of Canada recently announced a 7th straight rate cut - this one by 0.25%. Some key points here for you: This change will directly impact those with variable rate mortgage and lines of credit – the rate will go down by 0.25%. Given that the mortgage payment is set with your current lender, it will not auto-change with this announcement. However, more of your payment will go towards the principal of your mortgage, thus less towards... [read more]