Thursday Dec 12th, 2024 Share
Andre Smit's Real Estate Round-up
Hi Folks,
So, the Bank of Canada, (BOC), once again reduced the overnight lending rate by another .5% to 3.25% p.a. this week. This is an effort by the BOC to stimulate our economy which is now in a recessionary mode. Although the current annual inflation rate is now within an acceptable BOC range, our federal government still continues to spend money like a drunken sailor, and thereby having to print more money with our deficit now in the expected $60 billion range, up from $40 billion,...