Welcome back to Make Money Count! In this episode, Marcus and Justin delve into the intricacies of Canada's economy, particularly in light of the recent inflation report. To start, they comprehensively break down the Consumer Price Index (CPI) and examine its impact on inflation through mortgage rates.
As the conversation unfolds, the hosts address the challenges faced by small businesses, such as the effects of rising interest rates. They also discuss the substantial role of the housing market in Canada's GDP. Additionally, they explore the intricate connections between interest rates, business challenges, and consumer spending, offering a holistic view of the economic landscape.
Zooming in on the Toronto real estate market, the hosts underscore how interest rates significantly influence housing affordability. With a forward-thinking perspective, Marcus and Justin predict potential changes in interest rates, drawing insights from both the bond and CDOR markets.
Join us to gain a deep understanding of economic trends impacting your finances. Don't forget to engage by liking, subscribing, and sharing your thoughts. For more captivating content, follow us on Facebook and Instagram. Tune in for invaluable insights guiding you to make well-informed decisions in the ever-evolving economic landscape.
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