WILL THE BANK OF CANADA MAKE A MOVE ON INTEREST RATES ON APRIL 10TH 2024?

Monday Mar 11th, 2024

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Benjamin Tal , Chief Economist for CIBC, feels there may be an announcement of lower interest rates in June.  There are so many factors that influence the rate of inflation.    The primary factor influencing a higher inflation is housing costs.  Listings are down, yet ,sales are up.  Our Real Estate Market operates on a " Supply and Demand Principle".  The supply is just not there!  There have been promises of more housing but that will take time.  People are still having tough times and that includes the "Bank of Mom and Dad".  Wages have increased but so has the cost of living. You do the math!