Bank of Canada cuts the benchmark rate from 2.75% to 2.50% here’s what’s unfolding:
• CAD Performance: USD/CAD jumped to 1.3650 (+0.6%), reflecting looser policy
• Mortgage Relief: Variable-rate mortgages and HELOCs get cheaper, easing household cash flow
• Bond Yields: 10-year Canada yields fell to 2.65%, boosting fixed-income valuations
• Equity Impact: TSX Financials and Real Estate sectors led the midday rally (+1.2%)
• Risk Assets: Bitcoin and Ethereum ticked up ~1.5% as dovish signals bolster risk appetite
What’s your play: rotate into equities, lock in yields, or hunt for crypto upside?
(Not financial advice always DYOR.)
