Business Brief: What another rate cut would do to mortgages

I’ve made peace with the fact we are unlikely to develop a national strategy to ensure a predictable and more affordable: Will the slowing price of goods bolster the already strong likelihood the central bank will again cut its key lending rate next week? Will it lead to a more sizable impact on mortgage rates and new-car financing?

A poll of executives from 350 companies, conducted by accounting consultancy KPMG, found 56 per cent of responders suffered lower profit because ofis a growing business risk. In 2023, severe weather and natural disasters in Canada caused more than $3-billion in insured damage for the second year in a row, and wildfires, flooding and extreme heat are again wreaking havoc across the country, Jones writes. You can read his full storyAmanda’s Vineyards is a family-operated business near Picton, Ont.

While the first cut to the country’s key lending rate was notable for signalling a shift in the central bank’s approach, a second cut would have a greater impact, Rob CarrickInflation unexpectedly blipped higher in May, raising concerns that the Bank of Canada might not cut rates on July 24. But this week’s report on inflation in June showed the pace of price increases pulling back once again. As of mid-week, financial markets assessed a 91-per-cent likelihood of a rate cut coming up.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Brief: A growing Trump wave reaches Canada’s shoresYes, there are still 112 days until the election. Also in today’s edition: Gold shines again
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Central bankers vs. the populistsAlso in today’s edition: Maple Leaf Food’s pork play and the Fed’s Powell speaks to power
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Of hard hats and hard truthsAlso in today’s edition: TD tune-up and party at the Fed
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Now is the summer of our (labour) discontentAlso in today’s edition: AI on whether there’s an AI bubble, and what’s a Toronto office tower worth, anyway
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Tourists go home, but leave your moneyAlso in today’s edition: Boeing’s guilty plea and watching for a U.S. recession
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Canada’s digital taxes set stage for trade warAlso in today’s edition: Navigating through France’s election surprise and Air Canada’s future
Source: globeandmail - 🏆 5. / 92 Read more »