Page 10 - Avery Shenfeld News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Bank of Canada will start cutting interest rates in the second quarter of next year as inflation and the economy slow, according to economists polled by Reuters, who forecast base borrowing costs will drop by at least one percentage point by end-2024. BoC Governor Tiff Macklem said in a recent speech "interest rates may now be restrictive enough" with excess demand gone and weak growth expected to persist, leading most to conclude the central bank is done hiking. But Macklem also said "right now, it is not time to start thinking about cutting interest rates."

Here's what economists are saying about Ottawa's fiscal update and what it means for spending this year and into the future. Find out more.

Mortgage interest costs have been driven higher by the Bank of Canada raising interest rates. Find out more

Mortgage interest costs have been driven higher by the Bank of Canada raising interest rates. Find out more

5 reasons money will cost more