The Bank of Canada announced a monetary policy decision today, lowering interest rates across the board to stimulate economic activity. This action follows a period of slow home sales in Canada, which has been experiencing a challenging market. Analysts suggest the uncertainty stemming from ongoing US tariffs has contributed to this deceleration. The decision aims to bolster consumer confidence and encourage investment in the housing sector. While the impact on overall market growth remains to be seen, the rate cut offers a potential positive outlook for the Canadian housing market.
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