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Month: June 2024

Bank of Canada reduces policy rate

An illustration showing the impact of the Bank of Canada's policy rate cut on the Ottawa real estate market. The scene includes a house with a 'For Sale' sign, a graph indicating a downward trend in interest rates, and happy families with potential buyers looking at houses. The background features Ottawa's Parliament buildings, indicating the local context. The overall vibe is positive and bustling, reflecting increased buyer activity and affordability.

Explore the Bank of Canada’s recent decision to lower the overnight interest rate to 4.75%, aiming to balance economic growth with inflation control. Understand the implications of this change and the Bank’s commitment to achieving price stability.

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