Inflation has eased, economic growth has resumed, and wages are recovering. Risks like mortgage renewals, population dynamics, and global conflicts could derail progress.
The Bank of Canada is wary of the impacts of a wave of mortgage renewals with higher rates and payments in 2025 on spending and economic activity.
The central bank is concerned about potential overheating of the housing market with interest rate cuts and the impact of population growth on the economy.
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