Financial expert Surinderpal Singh joins to discuss the Bank of Canada’s latest interest rate cut and its limited impact on Canadians. He explains that while homeowners with a $1 million mortgage might save roughly $2,500 a year, broader uncertainty looms as the Bank of Canada echoes weak growth across industries and AI-driven layoffs shake job security. He also weighs in on the struggling real estate market, noting that the condo sector is taking the hardest hit despite lower borrowing costs with only 53 condos sold last month.
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