Macklem, a prominent financial figure, has announced a jumbo rate cut aimed at providing mortgage relief. This move is expected to have significant implications for the housing market and those seeking to purchase or refinance properties. The exact details and scope of the rate cut are yet to be disclosed.

Source: https://www.bloomberg.com/news/newsletters/2024-10-24/macklem-s-jumbo-rate-cut-means-mortgage-relief-bay-street-edition