The Bank of Canada says the downgrades were a result of slower near-term housing resale activity following the government’s new measures to promote housing market stability, which are likely to restrain residential investment while dampening household vulnerabilities. Photo: Shutterstock
Bank of Canada maintains overnight rate but downgrades outlook
Forecasted growth now 1.1 per cent, down 0.2 per cent from July
The Bank of Canada says the downgrades were a result of slower near-term housing resale activity following the government’s new measures to promote housing market stability, which are likely to restrain residential investment while dampening household vulnerabilities. Photo: Shutterstock
