Bank of Canada's Pause on Interest Rate Hikes: What You Need to Know

The Bank of Canada has made history by announcing a pause in their anti-inflation efforts, following a record series of interest rate hikes that increased their key interest rate by 425 basis points within 10 months. In this video, we explore the potential impact of this decision and what you should know about it.

Listen to the podcast:
https://podcasts.apple.com/us/podcast/bank-of-canadas-pause-on-interest-rate-hikes-what/id1569730848?i=1000596651803
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SOURCE:

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
https://www.bankofcanada.ca/2023/01/fad-press-release-2023-01-25
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CHAPTERS:

00:00 - Intro
02:16 - BoC Increases its Policy Interest Rate by 25 basis points, Continues Quantitative Tightening
03:28 - Commodity Prices Going Up
03:46 - Why CAD stability Against USD is a Wrong Metric
05:38 - Was our economy overheated?
07:51 - The Lag Effect is Happening
10:21 - Canada is Losing Money
11:38 - Homes Expected to Continue Going Down for the Next 6 Months
12:25 - The Talk About Dropping Rates
14:15 - Canada Predicts a Soft Landing
15:17 - Conclusion & Final Thoughts

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David Ruff is a seasoned real estate investor, Real Estate Broker, a Licensed REALTOR® and the head of Ruff Team Realty, a full-service, results-based real estate team operating out of RE/MAX Urban Toronto. His team works where their clients need, specializing everywhere in the Greater Toronto Area—from Oshawa to Hamilton up to Barrie.

He is the host of The Science of Real Estate Podcast, a platform with a sole mission of helping people build generational wealth using the power of smart money mechanics with the cornerstone always being real estate.
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DISCLAIMER: Some of the links and other products that appear on this video are from companies which David Ruff will earn an affiliate commission or referral bonus at no additional cost to you. This is not investment advice; it is an opinion for information or educational purposes only and is accurate as of the posting date.
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