The BoC is likewise set to continue easing interest rates through 2025, at least at a faster pace than the Fed is expected to, which will apply pressure on CAD’s already-rising rate differential.

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

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Visit SCAD for our special open-house event. It’s the perfect opportunity for prospective students to experience our inspired learning environment and future-forward academic programs firsthand.