How Cross-Border Economics Could Sway BoC Rate Cuts
A sharp-minded MLN reader asked two important questions yesterday that deserve a broader response:
#1. "With U.S. consumers fueling the economy through credit—and not feeling the effects of the rate hikes due to long mortgage terms—couldn't that potentially push rate cuts out in the US and Canada?
#2. Don't we need to see a declining economy on both sides of the border for rate cuts to happen?"
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