Is Canada’s economy finally on the rebound?
Today, the Bank of Canada held its key interest rate at 5%, with some saying this is the floor for both the real estate market, and the beginning of a general holding pattern for part of 2024.
Economists are projecting interest rates to begin dropping in mid 2024, with a settling point around 3% for the key interest rate, and ultimately, the finish line for the Bank of Canada in hitting its target inflation rate of 2%.
Will Canadians be able to survive in spite of rising cost of living and high mortgage qualifications?
We dig for answers in Episode 17 of The Bill Kelly Podcast with Marvin Ryder, Professor with the DeGroote School of Business at McMaster University.
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