The Bank of Canada (BoC) cut interest rates by 50 basis points, reflecting concerns about a slowing economy and deflation risks, as inflation fell to 1.6% in September. Employment growth is lagging behind population growth, with a year-over-year increase of 1.5% in employment compared to a 3.6% rise in population. While the rate cut is seen as positive, a tangible recovery in the commercial real estate market is expected to remain subdued until mid-2025, as investors await more stable monetary conditions.
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