Good News Over the Horizon?

Well, maybe good news is a bit too optimistic, but today’s 50 basis point increase from the Bank of Canada can be interpreted positively.

Here’s why:

  • The increase was widely expected to be much higher: this relatively modest increase signals that the Bank of Canada is satisfied with their progress slowing inflation down
  • The lower rate will trickle through to any debt you hold – it’ll still be more expensive, just less so

So, let’s hope!

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