"As labour markets continue to weaken and inflation readings in Canada also come lower, all ducks seem to be in a row for the Bank of Canada to start cutting the overnight rate as soon as June, with 100 basis points of total cuts expected for this year."2024 is shaping up to be the year of the interest rate cut — on Canadian soil, at least.
“As labour markets continue to weaken and inflation readings in Canada also come lower, all ducks seem to be in a row for the Bank of Canada to start cutting the overnight rate as soon as June, with 100 basis points of total cuts expected for this year,” Fan adds. She adds: “The tone of chair Powell’s comments erred on the dovish side, saying directly it’s ‘unlikely that the next policy move will be a hike.’ Contingent on inflation reversing back lower over the year we expect the Fed will start cutting in December.”
The proposal for the Richmond Night Market site being made by Jingon International includes retail, office, hotel, and entertainment space.“The primary focus of the development plan is to help the St. John’s Presbyterian Church congregation remain in their historic location for years to come.”According to the 2024 New Home Buyers Report by Tarion, new homebuyers are no longer as keen on moving to suburbia as they recently were.