Bank of Canada Rate Cuts Fail
This is a Canada news story, published by financialpost, that relates primarily to CoStar Group news.
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Canadian bond yieldsfinancialpost
•Bank of Canada rate cuts rescued housing market from ‘implosion,’ says CoStar economist
73% Informative
Chief economist of real estate analytics giant CoStar Group says interest rate cuts saved housing market from collapse but won't be enough to restore previous levels of activity.
Most of the mortgages and debt that people use to buy real estate is priced off of bond yields, which are dictated by the market, not the Bank of Canada .
Canada 's economy is expected grow by 1.4 per cent next year , but there remains two major risks to that outlook that could shave off a full percentage point from growth.
VR Score
81
Informative language
81
Neutral language
65
Article tone
informal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5