The Impact of Future Interest Rate Cuts on the Canadian Mortgage Market and Pineapple's Growth Potential [Yahoo! Finance]
Pineapple Financial Inc. (PAPL)
Company Research
Source: Yahoo! Finance
widely expected to implement a series of interest rate cuts, potentially bringing the overnight rate down to 2.75% by mid-2025. These anticipated cuts represent not just a correction of the monetary policy but a pivotal opportunity for the Canadian mortgage market to regain momentum. For Pineapple (NYSE American: PAPL), this macroeconomic shift presents a significant growth opportunity, positioning us at the forefront of a market poised for expansion. The BoC's policy adjustments are grounded in a broader economic context. Recent data suggests that Canada's inflation rate has been on a steady decline, falling from a peak of 8.1% in mid-2022 to 3.3% by mid-2024. This cooling of inflation, coupled with a slower-than-expected economic growth rate, strengthens the case for further rate cuts. The consensus among economists points to a potential series of reductions that could bring the overnight rate down to 2.75% by mid-2025-a level not seen since before the pandemic. These rate cuts
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News
- Pineapple Financial, Inc. Announces Closing of $1.0 Million Registered Direct Offering at $0.60 per share [Canadian Business Journal (Canada)]Canadian Business Journal
- Pineapple Financial, Inc. Announces Closing of $1.0 Million Registered Direct Offering at $0.60 per share [Yahoo! Finance]Yahoo! Finance
- Pineapple Financial, Inc. Announces Closing of $1.0 Million Registered Direct Offering at $0.60 per shareGlobeNewswire
- Global Mortgage Lender Market Expected to Grow to $1.8 Trillion In 2028GlobeNewswire
- Pineapple Financial, Inc. Announces Pricing of $1.0 Million Registered Direct Offering [Canadian Business Journal (Canada)]Canadian Business Journal
PAPL
Sec Filings
- 11/19/24 - Form 8-K
- 11/14/24 - Form 424B5
- 10/30/24 - Form EFFECT
- PAPL's page on the SEC website