Why are Canadian interest rates stuck? On this Make Money Count episode, Marcus & Justin break down the latest CPI numbers and explain why the Bank of Canada isn't cutting rates soon – and what it means for your wallet.
We cover:
- Stubborn Core Inflation: Even with overall CPI cooling, core inflation is still too high.
- The Tariff Impact: How tariffs are driving up prices on everything from groceries to clothing.
- Stagflation Warning: What stagflation (inflation without growth) means for Canada's economy.
- No Quick Fixes: Why you shouldn't expect significant rate cuts or a housing market boom anytime soon.
Get the real scoop on why rates are stuck and what to expect for 2025 and beyond!
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