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Bank of Canada Expected to Cut Interest Rate by 2025

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Bank Of Canada,Interest Rate,Mortgage Payments

The Bank of Canada is predicted to cut its policy interest rate to 2.25% by 2025, reducing the current rate of 5% by more than half. This would be beneficial for borrowers with high mortgage payments. Home sale numbers have decreased due to high interest rates.

The Bank of Canada is predicted to cut its policy interest rate to 2.25% by 2025, reducing the current rate of 5% by more than half. This would be beneficial for borrowers with high mortgage payments. Home sale numbers have decreased due to high interest rates.

 

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