VLOG-The Tumultuous Rate Cut
Hello everyone, this is Nayab Qazi, licensed mortgage agent serving the residential real estate
industry in Canada for the last 6 years. Today, I’m diving into the most talked-about subject in
Canada: “the tumultuous rate cut.”
We’re on the brink of a pivotal Bank of Canada (BOC) decision, set to be announced tomorrow,
Wednesday, June 5th, 2024. Market sentiment has shifted dramatically in the past week: while
there was a 50% chance of a rate cut initially, today nearly 70% of analysts expect the BOC to
cut the prime rate by 25bps, bringing the policy rate down to 4.75%.
