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interest rates: Bank of Canada unlikely to raise rates till 2011? - 10/12/09 06:25 AM
Here are some insights on the direction of interest rates in Canada, in the upcoming years.
By The Canadian Press
CIBC: muted growth means Bank of Canada unlikely to raise rates till 2011
TORONTO - The Bank of Canada is unlikely to hike interest rates until 2011 because the lingering effects of the global economic meltdown will continue to mute both growth and inflation, according to a report issued Tuesday by CIBC World Markets.
"While the 2009 recession may already be over, the slack it created is both large and likely to persist," said CIBC chief economist Avery Shenfeld.
"Unlike the … (1 comments)
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interest rates: Interest Rate Alert - 06/01/09 07:11 PM
The trend setting 10 year bond which is used as benchmark for long term fixed interest rates has been rising in the last few weeks.
It has moved to a tipping point which will cause fixed term interest rates to rise. This may come as soon as today.
We may be seeing 5 year fixed rates of 4.00% sooner than later, still a great rate but why not save a little money?
Two things to consider ;
1 - If you haven't purchased yet and are sitting on the fence, get pre-approved to secure a rate
2 - This maybe the best … (0 comments)
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Casey Ragan
Toronto,
ON
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RE/MAX Hallmark Realty Ltd.
Address: 723 Mount Pleasant Road, Toronto, ON , M4S 2N4
Office Phone: (416) 486-5588
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