Avid Amoeba@lemmy.ca to Canada@lemmy.ca · 4 months agoBank of Canada cuts interest rate by 25 basis points to 3%www.cbc.caexternal-linkmessage-square2linkfedilinkarrow-up129arrow-down10file-text
arrow-up129arrow-down1external-linkBank of Canada cuts interest rate by 25 basis points to 3%www.cbc.caAvid Amoeba@lemmy.ca to Canada@lemmy.ca · 4 months agomessage-square2linkfedilinkfile-text
minus-squareRentlar@lemmy.calinkfedilinkarrow-up9·4 months agoGreat for mortgages/loans, sucks for new GICs/bonds.
minus-squareFireRetardant@lemmy.worldlinkfedilinkarrow-up7·4 months agoAlso promotes higher house prices. 3% is still very low if we look back farther than 10 years.
Great for mortgages/loans, sucks for new GICs/bonds.
Also promotes higher house prices. 3% is still very low if we look back farther than 10 years.