Bank of Canada has hinted that they may cut interest rates again.

Early today in Toronto, Bank of Canada Senior Deputy Governor Paul Jenkins stated, "Some further monetary stimulus will likely be required to achieve our 2 percent inflation target over the medium term."

The Cdn Central Bank cut its benchmark overnight lending rate to 2.25 percent on Oct. 21.

Some economists expect that the Bank of Canada will cut their overnight rate a half point to 1.75 percent on Dec. 9. This would be the lowest since 1960.

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Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
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Gina Burgio

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com

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Each VERICO Broker is an independent owner operator.

 

4 Comments on Bank of Canada expected to Lower Interest Rates

NOV
13
2008
976,819 Points 60 Featured Posts Outside Blog Called Shot Master

Gina:  Lowering interest rates is a good thing.  So... question:  When are they going to start handing out free samples ?
12:35am • #1
280,757 Points 3 Featured Posts Localism Sponsor Attended Rain Camp

Aloha Gina,

I heard that Europe is doing the same.  I heard this will help the American dollar.

Steve
1:01am • #2
718,937 Points 2 Featured Posts Localism Sponsor Outside Blog

This is a good thing.  We need a worldwide effort for stimulus to stem off the potential for a depression.
1:06am • #3
1,121,119 Points 98 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Gina,  Looks like the Bank of England is going one better.  They're considering lowering interest rates to zero.
6:35am • #4


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Ancaster, ON

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