TSX:CHR - Post Discussion
Post by
flamingogold on Sep 17, 2024 2:24pm
BoC may cut rates 1/2% at it's next meeting
Today the Bank of Canada reached it's 2% inflation target. With inflation threats now removed, this means that on Oct 23 the BoC has a green light to cut 0.5% in order to prime the economy and squash any chance of recession. Good for all businesses like Chorus and consumers holding substantial debt.
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