As was the case in 2022 and 2023, the undercurrent of the past year was interest rates. Across eight announcements, the Bank of Canada (BoC) lowered the policy rate five times in 2024, including by 50 basis points in both October and December. We will ring in 2025 with a policy rate of 3.25%, which ...
Zakiya Kassam is a Staff Writer at CBC. She covers a range of topics including construction, real estate, and banking, with a particular focus on the Canadian market and urban development in Toronto. Her work has been featured in notable publications such as CBC and Storeys.