Bank of Canada expected to deliver second consecutive rate cut today

The Bank of Canada is set to announce its interest rate decision this morning as economists widely expect a rate cut.
Forecasters say slowing inflation and a weak economy justify a second consecutive cut by the central bank.
After a historic run-up, the central bank lowered its policy rate for the first time in June, bringing it down from five per cent to 4.75 per cent.
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[@AbeySampson-ow8pz]

1200 sq feet town home in Toronto $1.3 million. 86.8% young Canadians born in Canada never ever afford to buy home in Canada

[@iseiyoulaitre]

Move out of Toronto. Problem solved.

[@DING00069]

I will wait for the Bank of Canada to speak thank you.

[@user-yh5gz2qr2n]

This is a good start for Canada. Mow lets work on food prices and housing.

[@Ynalaw]

And lets also send back violent African refugees that target the local population.

[@24theMoney]

Yep, this will lower the value of CAD. This cut is inflationary...housing, rental, food, energy, services, goods....all going up. Unions getting raises with each strike. Wait until Air Canada pilots get a 100% raise soon. Stagflation is here baby. Can anyone afford to take a family to Mcdonald's for a substantial meal anymore??....say no more.

[@wayneque2101]

Big deal 👨🏿‍🎤🥊🥊🥊🥊

[@cuongdo9958]

😂😂😂 welcome to Clownada