The Bank of Canada predicts that conditions for a rate cut will arise later this year due to the impact of the coronavirus outbreak. The central bank has already cut interest rates three times since the start of the pandemic.
Meanwhile, the 30-year mortgage rate in the US is approaching 7%, which is causing a decline in home purchases. In Dubai, the 'Sustainable City' project was expected to set an example for sustainable living, but it has failed to inspire similar initiatives in other cities.
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