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From:
Integrated Mortgage Planners
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The Longer the First Rate Cut Takes, the Lower Our Variable Mortgage Rates Will Go - Integrated Mortgage Planners
https://www.integratedmortgageplanners.com/monday-morning-rate-update/the-longer-the-first-rate-cut-takes-the-lower-our-variable-mortgage-rates-will-go/
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The longer the BoC waits to enact its first rate cut, the lower its policy rate will then have to go to course correct.