Bank of Canada keeping a wary eye on housing market, but rate cuts will likely continue, senior deputy governor says

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By News Room 9 Min Read


The Bank of Canada is keeping a wary eye on Canada’s housing market as home sales begin to surge, senior deputy governor Carolyn Rogers says, but rate cuts will continue as long as the economy progresses as expected.

In a wide-ranging exclusive interview with the Star on Wednesday, Rogers said the bank isn’t yet ready to declare victory in the war on inflation, but it is growing increasingly confident that the economy is heading in the right direction.

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