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Originally Posted by FLAME ENVY
I read today (sorry, can't find the article source now) that the BoC is likely to exclude mortgage interest (and its impact on overall inflation) as a factor in its future rate decisions. As you stated, mortgage interest will have an increasingly negative impact on overall inflation as over 2 million Canadians renew their mortgages at much higher rates in 2024/2025.
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I'm not sure what good comes out of removing mortgage interest from CPI other than turning a blind eye on a bad situation.