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Interest rate cut plausible amid Canada’s housing affordability crunch

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Canadians feeling the pressure of inflation could be in for some good news soon. There is a lot of pressure on the Bank of Canada to cut interest rates.

The financial markets are banking on an 80 per cent chance that it will happen this week.

And as Global’s David Baxter reports, a rate cut won't be enough to bring down Canada's sky-high housing prices.

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Category
U.S. & Canada
Tags
global news, Canada, Bank of Canada
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