Consumers have had enough of high interest rates
Play • 5 min

Inflation dropped to 3.1% in October, but it would have been much lower if it weren’t for the rise in mortgage interest costs, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. He examines the impacts of higher mortgage payments on consumer behaviour and retail sales, and discusses the likely timing for the Bank of Canada to make a rate cut.

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