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Home » Bank of Canada may cut rates to ease mortgage renewal stress, says economist
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Bank of Canada may cut rates to ease mortgage renewal stress, says economist

News RoomBy News RoomNovember 25, 20230 Views0
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© Reuters.

Economist Dylan Smith has indicated that the Bank of Canada might be considering a rate cut to help homeowners struggling with mortgage renewals. The central bank’s strategy aims to ensure financial stability and timely policy adjustments in the face of these pressures. Smith’s insights suggest that this move could be imminent, offering relief to those facing challenges during their mortgage renewal period.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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