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7 Feb 2024

Bank of Canada says housing affordability is about boosting supply, not lowering interest rates

Author: admintech | Filed under: Finance/ Money
A grey-haired man, wearing glasses and a navy suit, gestures as he speaks while sitting in blue chair.

As inflation comes under control, there is a growing chorus calling on the central bank to cut interest rates, easing at least some affordability issues. But Bank of Canada governor Tiff Macklem says a lower interest rate isn’t the silver bullet people are hoping for.