Scott Kuo shared as favorite Bank of Canada announces interest rate, Tuesday
Predicting this interest rate cut to be 0.5%, next cut 0.25%. Held steady after. Further cuts could lower consumer confidence, increase worry for recession. Good market entry opportunity should be available from mid-late to late this year.
This also includes very good house purchase opportunity for new home buyers in several markets due to availability of low interest rate on borrowed funds. Option of variable or fixed interest rates will be determined by economic activities in the next 3-6 months.
(Of course, that's all just my opinion and I can't be legally responsible for any totally silly investments that you may or may not make. =D)
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