Bank of Canada Will Stop Buying Canada Mortgage Bonds
This Wednesday, the Bank of Canada will release its interest rate announcement and the October Monetary Policy Report. Most people expect the overnight rate to remain at 0.25%, where it has been since the pandemic hit. A few have suggested that the Bank could take a page from Australia and reduce overnight rates by 15 basis points. I don’t think so. Canada’s economy is not as similar to Australia’s as you might think. Yes, both countries speak mostly English, are commodity ex