A second cut next week would confirm the trend of falling rates and thus offers the potential for more of an impact
The Bank of Canada cut the overnight rate by a quarter-percentage point to 4.75 per cent in June, a notable event that has only rippled to a limited extent through the nation’s personal finances.We’ll see where we stand with rates next Wednesday, which is the next opportunity for the central bank of change its benchmark overnight rate. The overnight rate was cut by a quarter-percentage point to 4.
. Here are seven plotlines to watch.Inflation unexpectedly blipped higher in May, raising concerns that the Bank of Canada might not cut rates on July 24. But this week’s report on inflation in June showed the pace of price increases pulling back once again. As of mid-week, financial markets assessed a 91-per-cent likelihood of a rate cut coming up. The economy needs lower rates because growth is lukewarm and consumer spending is weighed down by high borrowing costs.
Are you a young Canadian with money on your mind? To set yourself up for success and steer clear of costly mistakes,Many financial advisers only work with wealthy clients. So where are the masses going for help?Many financial advisers only work with wealthy clients. So where are the masses going for help?Many financial advisers only work with wealthy clients. So where are the masses going for help?Many financial advisers only work with wealthy clients.
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