How housing is keeping Bank of Canada from cutting interest rates ...Middle East

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How housing is keeping Bank of Canada from cutting interest rates
Breadcrumb Trail Links News High shelter inflation keeping central bank from meeting 2% inflation target, TD says Published Feb 21, 2024  •  Last updated 37 minutes ago  •  5 minute read The Bank of Canada building in Ottawa. Shelter costs are keeping the overall inflation reading running hot, TD says. Photo by David Kawai/Bloomberg Article content The Bank of Canada’s inflation flight is getting drawn out longer than necessary because of the soaring cost of housing, Toronto-Dominion Bank says. Article content Rising shelter prices are keeping inflation from reaching the central bank’s two per cent target, and in turn, keeping interest rates higher for longer, according

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