@realestatewithgitika: 🚨 Bank of Canada Update 🚨 The Bank of Canada has cut its overnight rate to 4¼% as part of balance sheet normalization. 🌍 Global Growth: 2½% for Q2. The US saw strong growth but a slowing labor market. Euro-area growth is up, thanks to tourism, while manufacturing lags. China’s growth is weak. Global conditions are improving with lower bond yields and a stronger CAD. Oil prices are down. 🇨🇦 Canada’s Economy: Grew 2.1% in Q2. Recent activity is soft, with a slowing labor market and high wages. 📉 Inflation: Down to 2.5% in July. The Bank cut rates by 25 bps to manage inflation. #BankofCanada #InterestRates #Economy #Finance #Inflation

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