"The Time Has Come" But Will Imminent Rate Cuts Be Enough To Stave Off A Recession?

As inflation reaches its lowest level in over three years, the Bank of Canada's (BOC) rate cut predictions are becoming increasingly aggressive. While this might be a relief for mortgage holders, it signals significant economic distress. The BOC may need to cut rates rapidly to prevent a potential global financial crisis (GFC)-level event, but the question remains: will these cuts come fast enough to stabilize the economy?This economic uncertainty is having profound effects on the Vancouver r...