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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com





News
7 December 2016

The central bank keeps its rate unchanged because of weak economic results

This Wednesday, the Bank of Canada decided to keep its key lending rate at 0.5%, pointing to weak results in the labour market and forecasts on quite a moderate growth in the fourth quarter.

According to the BoC, although the global economy has become stronger, the continued international unstable situation is still affecting business confidence and investment with Canada’s trading partners negatively.

 
6 December 2016

Bank of Canada is expected to keep its interest rate unchanged

This Wednesday, the central bank will release its new rate decision and official statement. The Bank of Canada is expected to keep the key lending rate at 0.50%. Higher oil prices thanks to the Organization of the Petroleum Exporting Countries (OPEC) cut agreement and better Canadian performance, will make the Bank follow its path until the end of this year.

Last year, the BoC governor Stephen Poloz cut the rate twice before another potential oil prices decrease, which was supposed to affect the national economy negatively. And he was right, as those cuts softened the hit slightly.

 
5 December 2016

Interest rates may stay unchanged until 2019

It looks like interest rates may remain change until 2019. With the latest remarks from the Bank of Canada Governor Stephen Poloz, we could say that only a serious economic hit can make the Bank change its today’s path.

Senior Economist at Manulife Asset Management, Frances Donald, analyzed certain comments Poloz made last week at different meetings. In her opinion, we have one solid reason to believe the central bank will take a long pause, and only a significant economic event can lead to another round of a rate cut.

 
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News

7 December 2016

The central bank keeps its rate unchanged because of weak economic results This Wednesday, the Bank of Canada decided to keep its key lending rate at...Read more >>

6 December 2016

Bank of Canada is expected to keep its interest rate unchanged This Wednesday, the central bank will release its new rate decision and official state...Read more >>

5 December 2016

Interest rates may stay unchanged until 2019 It looks like interest rates may remain change until 2019. With the latest remarks from the Bank of Cana...Read more >>
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