In his recent year-end speech, Bank of Canada governor Tiff Macklem shared his outlook on what lies ahead for Canada's economy in 2024. Let's break down the key points in simple terms.
Transition Year Ahead
Macklem anticipates that 2024 will ...
Interest Rate Pause
The Bank of Canada keeps the interest rate steady at 4.5%, pausing eight rate hikes between March 2022 and February 2023. This move aligns with the bank's strategy to assess the impact of previous hikes on the econo...
