10/22/2024
π¨ Interest Rates Update! π¨
Inflation in Canada has dropped below 2%, and economists are predicting back-to-back rate cuts from the Bank of Canada. π
π‘ The latest Consumer Price Index report reveals a 1.6% inflation rateβthe lowest since early 2021. Many experts believe the central bank will respond with a major rate cut to boost economic growth. With inflation under control, could lower interest rates be just around the corner? πΌπ
Tune in tomorrow for the Bank of Canada's announcement and find out how it could impact your finances! π