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Market Update from LA Mortgages
Working in the real estate industry, I get to connect with and build relationships with a wide range of professionals. Lana Russel is one of those professionals that has demontrated stellar service to her clients.
The following is an email from Lana Russell describing whats currently happening in the mortgage industry.
Market Update by LA Mortgages
Most economists aren’t budging in their prediction Bank of Canada Governor Stephen Poloz will hold interest rates steady for at least another year. Even with renewed speculation about an impending global recession and a trend among the world’s central banks toward easing policy, a Bloomberg survey shows a majority of economists still expect Poloz to keep the benchmark overnight rate at 1.75 per cent until the end of 2020. Of the 15 economists surveyed by Bloomberg, nine expect the Bank of Canada to remain on hold to the end of 2020. Domestic banks are among the more optimistic -- with Toronto Dominion, Bank of Montreal, Scotiabank, National Bank and Laurentian expecting Poloz to hold well into next year. But not all are convinced, with six analysts predicting at least one cut amid escalating U.S.-China trade tension that is raising doubts about the global growth outlook, and which ... more
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