Bank of Canada Cuts Rates: Talks Debt, Inflation, and Cash Injections

#bankofcanada #canadianeconomy #canadaeconomy The Bank of Canada cut interest rates to 4.25% today, citing a weakening economy in pulling down Canada’s inflation rate. The Bank was asked about Canadian debt levels, inflation risks, and its overnight cash injections are its Press Conference following the rate cut announcement. Links: Media availability on September 4, 2024 / Point de presse le 4 septembre 2024:    • Media availability on September 4, 20...   Bank of Canada reduces policy rate by 25 basis points to 4¼%: www.bankofcanada.ca/2024/09/fad-press-release-2024… Bank of Canada expected to cut interest rate today and signal more to come: financialpost.com/news/bank-of-canada-expected-to-… Bank of Canada ready to cut faster — or slower — if it needs to, Macklem says: www.thestar.com/business/bank-of-canada-cuts-key-i… Posthaste: Odds of a half-point Bank of Canada cut are rising, say these economists: financialpost.com/news/bank-of-canada-could-cut-ra… ‘We wouldn’t be surprised by a 50 basis point BoC move’: Economists and markets react to Friday’s GDP data: www.theglobeandmail.com/investing/markets/inside-t… Bank of Canada cuts key rate for first time in more than 4 years: www.ctvnews.ca/business/bank-of-canada-cuts-key-ra… Bank of Canada cuts interest rate to 4.25%, signals more easing to come: financialpost.com/news/economy/bank-of-canada-cuts… Bank of Canada cuts interest rate to 4.25%, leaves door open for larger cuts amid struggling economy: www.thestar.com/business/bank-of-canada-cuts-inter… Bank of Canada raises rate again to 4.25% — but opens door to staying there: www.cbc.ca/news/business/bank-of-canada-1.6677004 Consumer Price Index, July 2024: www150.statcan.gc.ca/n1/daily-quotidien/240820/dq2… Bank of Canada cuts key interest rate to 4.25%, says economic growth needs to pick up: www.theglobeandmail.com/business/article-bank-of-c… Canadian debt hits record high as insolvencies rise: www.wealthprofessional.ca/news/industry-news/canad… Posthaste: Interest payments are now sucking up almost 20% of income for some Canadians: financialpost.com/news/where-canada-world-leading-… National Statistics: creastats.crea.ca/en-CA/ Wayback Machine – RBC Mortgage Rates: web.archive.org/web/20220205102106/https://www.rbc… Posthaste: Credit delinquencies on the rise as Canadians' debt climbs to $2.5 trillion: financialpost.com/news/credit-delinquencies-rise-a… Overnight repos: www.bankofcanada.ca/markets/market-operations-liqu… CORRA: Explaining the rise in volumes and resulting upward pressure: www.bankofcanada.ca/wp-content/uploads/2024/08/san… Bank of Canada assets and liabilities: Weekly (formerly B2): www.bankofcanada.ca/rates/banking-and-financial-st… CIBC says Bank of Canada must end or fix quantitative tightening: financialpost.com/fp-finance/banking/cibc-says-ban… Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) [email protected] Brokerage Lic: 10464 Broker Lic: M16001479 www.LondonOntarioMortgages.ca/ – Apply Online!! Youtube Channel: youtube.com/c/MarkMitchellMortgageBrokerLondonOnta… Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - www.instagram.com/mortgagebrokerlondonontario Facebook - www.facebook.com/londonontariomortgages Twitter - twitter.com/londonmortgage1/ LinkedIn - www.linkedin.com/in/mark-mitchell-london-s-mortgag… TikTok - www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.

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