We are expecting an Interest Rate Cut by BOC on Wednesdays (Oct 23, 2024) Interest rate announcement.
Reasons which are putting downward pressure on the interest rate:
– Low Inflation ( less than 2%)
– High Unemployment Rate
– Low GDP
In this low interest rate environment businesses tend to grow, and this is a good time to shift investments to equity over fixed income. As in general, if interest rates are falling housing prices rise but as unemployment rate is high, drop in interest rate may not increase the house prices.
This paper/article is not an advise, reach to a professional for the advise.
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