bank of canada rate: Inflation rate up 3.3% - 04/19/11 10:30 AM
Canadian price inflation accelerated in march at the fastest pace in over 2 years, pushed especially by increases in gas and food prices.
Statistics Canada announced today that the country's annual inflation rate surged by 1.1 points to 3.3% last month, the first time the rate has topped 3% since september 2008, on the eve of the recession.

But few expected the leap would be so high. Only last week, the bank of canada predicted inflation would reach 3% sometime this spring - that target has now been already surpassed, and many be once again in april if the price of … (0 comments)

bank of canada rate: Mortgage Rates as of April 17 2011 - 04/17/11 04:57 AM


bank of canada rate: Bank of Canada holds interest rate - 04/12/11 04:46 AM
As expected the Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent today. This means that variable mortgage rates will remain level.
 The bank said business investment and exports are taking over from consumer spending as the main drivers of economic growth. Though it warned the strong Dollar will provide some headwinds to trade.
Overall, the bank projects the economy will expand by 2.9% in 2011 and 2.6% in 2012. Growth in 2013 is expected to equal that of potential output, at 2.1%.
The bank expects the economy will return to capacity … (0 comments)

Mandeep Bhathal, Kingsway Real Estate., Brokerage (Kingsway Real Estate., Brokerage)

Mandeep Bhathal

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