Bank of Canada’s First Rate Cut in 4 Years: What It Means for You!

The Beavis Wealth Podcast

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The Bank of Canada cut its benchmark interest rate from 5% to 4.75%, marking the first cut in four years. In this video I'll share five key takeaways from this decision, including its implications for borrowing costs, the real estate market, and future economic policies.

Also in this episode:

📝 US Private Payroll numbers fell short in May, with only 152,000 jobs added, indicating a slowing labor market.

🔄 TC Energy Corp. shareholders approved the spin-off of the liquids pipeline business into a new firm, South Bow Corp, to manage debt and streamline operations.

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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

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