06/04/2026
🏦 Bank of Canada expected to hold rates on June 10
Despite Canada entering a technical recession after two straight quarters of economic contraction, most economists expect the Bank of Canada to hold its key interest rate at 2.25% next week.
📉 A weaker economy would normally support a rate cut, but ongoing inflation concerns linked to higher oil prices and global uncertainty are keeping the central bank cautious.
🏠 For homebuyers, spring market activity suggests demand is returning, while some experts believe mortgage rates may have already reached their lowest point.
The June 10 announcement could provide important clues about the direction of rates and the housing market in the months ahead.
💬Thoughts?
Source: Daily Hive
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