Fadi Mamar - Realtor

🏠📈👀 HOLD UP! 🛑👀🏠 The Bank of Canada has maintained its overnight rate target at 4.5% with a commitment to restoring price stability for Canadians. While the global economy is slowing down, there are some signs of growth and inflation in the United States and Europe. Here in Canada, the weaker-than-expected GDP in Q4 of 2022 was largely due to a slowdown in inventory investment. However, the labour market remains very tight, and employment growth has been surprisingly strong. Inflation is easing, but prices for food and shelter remain high, which may cause continued hardship for Canadians. The Bank remains resolute in its commitment to restoring price stability, so stay tuned for updates as economic developments evolve.