The BoC’s first policy announcement of 2024 was this past Wednesday morning.
As expected, the policy rate remained unchanged at 5.00% for the fourth consecutive meeting.
Looking ahead, the bank next meets on March 6th. The probability of a rate cut at that meeting is slim. We do however, look forward to discovering when the rate cuts might begin…sooner rather than later we hope! 🤞🤞🤞
Kellie Bryant
k.bryant@dominionlending.ca
https://kelliebryant.ca/