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House hunting in a trade war? What Bank of Canada’s rate cut means for you

The Bank of Canada cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent. Experts say the outlook for the housing market remains hazy.



The Bank of Canada cut its key interest rate to 2.75% due to "pervasive uncertainty" surrounding the U.S. trade war. This cut offers slight affordability improvements for homebuyers and immediate relief to variable mortgage holders, although tariff uncertainty is dampening confidence in the housing market.

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