BOC Rate Drop.
Posted on
January 29, 2025
by
Nick Gagnon
Despite Tariff threats, underlying softness in the economy (unemployment at 6.7% but gradually improving) were enough for the BOC to make a small drop. The BOC warns that a Tariff war could lead to lower efficiency, growth and output, but higher inflation caused by rising import prices. The next BOC decision isn’t until March and the Bank will have time to assess any geopolitical changes in Canada/US.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
