The BoC just gave the economy another 25-basis-point energy shot. That means Canada's benchmark prime rate will now ease to 4.45%, effective tomorrow. It’ll mark the lowest prime rate since June 2022. Moreover, if leading variable rates track prime lower, they'll become the easiest

💡See also: Rising Job Losses Trump Inflation. Fed Cuts 25 Bps Welp, people might not be able to afford steak at the grocery store anymore, but at least floating borrowing costs dropped. So now that the overwhelmingly anticipated 25-beep cut arrived on cue, what does the BoC have planned for

In the latest edition of 'bad news is good news,' labour data disappointed on both sides of the border today. That's little reason to celebrate, unless you're well-qualified and need a mortgage.