the Fed's rate cut impacts mortgage rates
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Current reports that potential Fed rate cuts could lower borrowing costs, reduce savings interest, and impact stock market performance.
The Reserve Bank kept the interest rate on hold despite speculation that a surprice cooling of inflation could open the door for a cut.
The Bank of Canada announced on Wednesday that it's lowering its key interest rate by 0.25 points from 2.75 to 2.5 per cent.