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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