Will Interest Rates Go Down In 2024 Canada . Your mortgage rate determines the overall. In an interview with bnn bloomberg on thursday, beaudry said tiff macklem and the central bank sounded quite dovish in the latest monetary policy press.
Fixed mortgage rates are steered by the canadian bond market and (eventually) follow the movements in bond yields up or down. Based on current projections, it is highly unlikely that interest rates will go down anytime soon.
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