Bank of Canada has found itself in a tight spot

OTTAWA (CU)_Over the recent months, the housing crisis in Canada has been making headlines, particularly amid a host of promises made by political leaders to tackle the situation, in their campaigns leading up to the federal election later this month. Although there has been a decline in the number of houses that are changing hands over the past year, the annual average cost of a home surged by 16 per cent to CA$669,200 (US$529,840) in July. 

Accordingly, Prime Minister Justin Trudeau pledged to introduce a two-year ban on…

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