Jan Baxter - Real Estate Agent

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The conflict in the Middle East is now in its fourth month. The resulting increases in energy prices and disruptions in global supply chains are weighing on global economic growth and pushing up inflation. At the same time, the US administration continues to propose new tariffs and trade policy uncertainty remains elevated.

In the US, economic growth remains solid, supported by consumption and AI‑related investment. In the euro area, growth is subdued, with higher energy prices weighing on activity. China’s economic growth continues to be supported by strong exports.

Canadian financial conditions have loosened since the April MPR. Global equity markets have been buoyant and bond yields remain volatile. The Canadian dollar has weakened against the US dollar and other currencies.

Consumer spending grew 1.4% but government spending unexpectedly declined. Housing activity also declined and business investment remained weak. Exports fell while imports rose strongly as inventories were rebuilt. Employment was up in May, but looking through monthly volatility, employment in Canada is little changed since the start of the year. The unemployment rate continues to fluctuate in the 6 ½%-7% range with the most recent reading at 6.6% in May.

Recent data suggests that growth will resume in the second quarter but, even with some rebound, the economy is expected to remain in excess supply.

Economic activity in Canada has been weak and uncertainty about US trade policy persists. The conflict in the Middle East is ongoing and oil prices remain elevated. Governing Council is continuing to look through the war's near-term impact on headline inflation, but will not let higher energy prices become persistent inflation. As the outlook evolves, we stand ready to respond as needed. The Bank is committed to maintaining Canadian's confidence in price stability through this period of global upheaval.

The next scheduled announcement date is July 15, 2026.
*

✨PRICED TO SELL✨

Welcome to GRANDVIEW at the amazing South Ridge Club! Beautifully Renovated CORNER UNIT overlooking Lush Green Space, Picturesque Pond & Mountain View.

Offered at $998,000

31 15775 Mountain View Dr, Surrey

Jan Baxter 604-812-8847

Homelife Benchmark Titus Realty

Bedrooms: 4

Bathrooms: 4

Sqft: 2,008

MLS: R3133620

Situated in a highly Desirable Community this Gorgeous Residence Boasts 4 Bed, 4 Bath (all with ensuites) + Den, Loads of Natural Light, Generous Sized Rms, A/C, Built In-Vac, Double S/S Garage & Huge Partially Covered Roof Top Deck w Hottub. Updates include: High End Vinyl Plank Flooring, Stain Resistant Carpet, Designer Paint, Shiplap Feature Wall in Dining Rm & Light fixtures. New SS Fridge, DW, Artisan Back Splash & Prof Painted Cabinetry in Kitchen w L Island opens to S Facing Deck. Lower Level Bedrm Ensuited with Shower + Laundry moved Upstairs. Amenities include outdoor pool, hottub, gym, movie theatre, social lounge, basketball court. A perfect family home! Call now to view!

*
*
*