Mixed Growth in US and Canadian Economies in Q4 2023 on Nostr: TD Bank Predicts Interest Rate Cuts to Boost Canada's Economy =============== ...
TD Bank Predicts Interest Rate Cuts to Boost Canada's Economy
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#b42868d0 ver:0.37
TD Bank predicts that interest rate cuts by the Bank of Canada will boost Canada's economy, providing a "big tailwind" by reducing mortgage payments for consumers. Canadian consumers are more sensitive to interest rates due to higher debt levels. TD Bank expects the Bank of Canada to further reduce its policy rate to 2.25% by 2026. In contrast, the US has yet to begin cutting rates. Despite the cuts, the Canadian economy has been growing slowly, but TD analysts predict a pickup in 2024. Consumer spending may not match economic output due to high borrowing costs and other factors. TD Bank expects a total of eight rate cuts by 2025. #Canada #economy #interestrates...
#newstr #BankOfCanada #InterestRates #Economy #MortgageRates #Debt
https://here.news/story/b42868d0?ver=0.37
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#b42868d0 ver:0.37
TD Bank predicts that interest rate cuts by the Bank of Canada will boost Canada's economy, providing a "big tailwind" by reducing mortgage payments for consumers. Canadian consumers are more sensitive to interest rates due to higher debt levels. TD Bank expects the Bank of Canada to further reduce its policy rate to 2.25% by 2026. In contrast, the US has yet to begin cutting rates. Despite the cuts, the Canadian economy has been growing slowly, but TD analysts predict a pickup in 2024. Consumer spending may not match economic output due to high borrowing costs and other factors. TD Bank expects a total of eight rate cuts by 2025. #Canada #economy #interestrates...
#newstr #BankOfCanada #InterestRates #Economy #MortgageRates #Debt
https://here.news/story/b42868d0?ver=0.37