Bank of Canada Cuts Rates to BOOST Canadian Housing Market
The Bank of Canada cut interest rates this week for the 7th consecutive time, lowering the overnight rate to 2.75%—a level we haven’t seen since August 2022. But what really caught our attention wasn’t just the cut itself—it was what Governor Tiff Macklem said at the press conference. Macklem explicitly stated that tariffs are restraining household spending intentions, and in response, the BOC is acting to stimulate the economy. That’s right—he’s openly admitting that the Bank is working to r...