Breaking News!

🇨🇦 The Bank of Canada has decided to maintain the overnight policy rate at 5%, which is seen as positive news.

0:09-0:28: A shift to graphs shows a slight decrease in the Consumer Price Index (CPI), moving from 4% in August to 3.8% recently.

0:28-0:48: The direction of CPI changes is mentioned as favorable, with speculation that there could be room for interest rate hikes next year. However, caution is advised.

0:48-0:58: Concerns are raised about potential geopolitical conflicts, particularly involving the U.S., which could have a significant economic impact.

0:58-1:17: The discussion concludes by highlighting the implications for fuel costs and CPI should a war involving Iran occur. The news is deemed good for those with variable mortgages and lines of credit.

Have a great day!