What the Bank of Canada’s 50-bps Rate Cut Means for Borrowers—and Why First-Time Buyers Should Pay Attention

The Bank of Canada has just announced another 50-basis point (0.50%) rate cut, bringing its key policy rate down to 3.75%, the lowest we’ve seen in two years. This is the fourth rate cut this year, which continues to lower borrowing costs for those with variable-rate mortgages.

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