Eric βœοΈπŸ‡»πŸ‡¦πŸ‡¨πŸ‡¦πŸ‡΅πŸ‡Ή's avatar
Eric βœοΈπŸ‡»πŸ‡¦πŸ‡¨πŸ‡¦πŸ‡΅πŸ‡Ή
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Nostr since 02/23 SimpleX: https://smp16.simplex.im/a#wxVPk3im7rO8yag1MGQ-C2-s7Fss_m8dPlo6FipNSsM #Ontario #Canada
The recent weak October inflation data has increased the likelihood of the Bank of Canada ending its rate-hike cycle and possibly starting to lower rates by the first half of next year. Statistics Canada reported that headline CPI inflation fell to an annualized rate of 3.1%, just outside the Bank of Canada's target range. Bond markets have adjusted, with a 76% chance of the first rate cut by March and 78% odds of two quarter-point cuts by June. Some economists caution that further evidence of inflation moderation is needed before the Bank considers rate cuts. Shelter prices and services prices remain areas of concern. #Canada #Ontario #InfiniteBankingConcept #Catholic #Business #Philosophy
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