From Global News.

The U.S. Federal Reserve’s 50-basis-point interest rate cut on Wednesday is having ripple effects north of the border, with experts pointing to implications for both the Bank of Canada and Canadian mortgage holders.

The Fed delivered an oversized step for its first interest rate cut in four years, a move that surprised many economists who had expected a standard quarter-point cut.

To the north, the Bank of Canada is well-entrenched in its own easing cycle, having cut its policy rate by 25 basis points three times since June.

Global’s Anne Gaviola has the details.

For more info, please go to https://globalnews.ca/news/10764368/us-fed-rate-cut-bank-of-canada-mortgages/

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