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Ep. 69| Bank of Canada Rate Cut: Relief or Recipe for More Inflation?
April 22, 2024 · 38 min

A recent Toronto Star article predicts the Bank of Canada will cut interest rates in June. However, current economic data suggests inflation might be on the rise which usually discourages rate cuts. This raises important questions: Is the Bank of Canada prioritizing inflation control over assisting homeowners? Could a rate cut in June spark a buying surge similar to 2022?

In this episode Owen and I discuss the potential changes in interest rates by the Bank of Canada and their implications for the economy and individuals.

We chat about: 

DC's reflections on life lessons, gratitude, and faith.

Canada's economic situation, including interest rates and Bank of Canada's policies and their implications.

Rising cost of living,  increased costs of groceries and their impact on everyday Canadians.

Recent tax policies and their detrimental effects on small businesses and individual financial stability.

Broader implications of governmental actions on the entrepreneurial spirit.

Future economic prospects for Canadians.

The need for Canadians to advocate for change.

Please don't forget to rate and review the podcast. Connect with me on social media at @davidcinelli_realtor for additional content and any questions you may have about the market or the show. Looking forward to catching up with you next week!