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Lower Home Sales Seen Having Possible Effect on Bank of Canada Interest Rate Hike

Some Analysts Suggest Lower Demand May Lead to Change in Approach
A recent decrease in home sales in Ontario may persuade  Canada from another rate hike. (CoStar)
A recent decrease in home sales in Ontario may persuade Canada from another rate hike. (CoStar)
CoStar News
August 21, 2023 | 9:21 P.M.

Canada’s most recent inflation numbers may result in policymakers concluding that another interest rate hike is needed to tame inflation, however, new data showing slumping home sales and construction starts in the country may have allayed some of those concerns.

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News | Lower Home Sales Seen Having Possible Effect on Bank of Canada Interest Rate Hike