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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



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News
5 December 2019

Bank of Canada deputy points to resilience of the national economy

According to the Bank of Canada deputy governor, the national economy is still resilient even in spite of the global uncertainty from the trade war between the United States and China.

In his recent speech Timothy Lane noted the inflation remains within the target limits and a strong job market points to growth sources.

"This strength on the wave of uncertainty lets us say Canada is resilient, but still not entirely immune," - Lane noted.

These comments came a day after the BoC left its key lending rate unchanged at 1.75%, following the path of no change which started in October 2018.

 
4 December 2019

Bank of Canada keeps its key lending rate unchanged once again

Canada will say goodbye to this year as the only country walking through trade wars conditions without a single rate cut from the central bank.

Today, Governor Stephen Poloz and his team kept the overnight rate at 1.75% for the ninth meeting in a row.

It’s quite incredible, as during the previous 12 months, we’ve seen numerous rate cuts by other central banks reacting to the slowest global economic growth since the financial crisis.

Moreover, there were also no hints at a possible change of the course in the bank’s official statement. It looks like the policymakers are cautiously optimistic that Canada has survived the hit, pointing to surprisingly strong business investment in Q3 and disappearing fears of recession.

“The BoC’s October forecasts for global economic growth are correct,” – the Bank of Canada noted. “There are certain signs of the global economy stabilization, and growth is still expected to edge higher during the next few years”.

 
3 December 2019

Trump believes trade agreement with China might be postponed for a year

According to U.S. President Donald Trump, a trade agreement with China might be postponed until after the next presidential election scheduled for November 2020. This announcement weakens hopes for a fast resolution of the problem affecting the world economy.

"I don’t have any deadline. In my opinion, it might be better to wait until after the election when it comes to agreement with China," - Trump noted.

"They would like to sign the deal right now, but we’ll see if it’s a right deal”.

Following this statement, European share prices and the Chinese currency were down.

 
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News

11 December 2019

Mortgage stress test worsens housing supply issue and makes homes even less affordable Today, Canada is showing sustained economic and strong populat...Read more >>

9 December 2019

Next year could be crucial for some Canadian borrowers The recent report by TransUnion Canada says the outstanding credit card balances have exceeded...Read more >>

6 December 2019

Jobless rate in Canada reaches 5.9% Last month, Canada’s economy showed the largest monthly job loss since the financial crisis, raising the jobless ...Read more >>
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