EnglishРусский


xhamster porno

I Would Like to be Contacted

First name:
Last name:
Phone:
Email:
Comments:

Validation code:
   * All fields are mandatory

Contact Information

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





4 December 2018

CIBC says rate increases may change their pace due to oil production cuts

On Wednesday, the central bank will announce its next rate decision, and many don’t expect a pre-holiday increase surprise.

But although a pause in hikes is predicted, a switch from the Bank’s previous aggressive tone will be in the centre of attention due to certain conditions changes, reported since October’s rate rise.

According to CIBC Economics, it’s better for the Bank of Canada to step back from its plans to raise the rate to 2.5-3.5%. CIBC has considered this level too aggressive even earlier.

As the oil production is cut in Alberta, the BoC may show a more dovish tone this time, says economist Avery Shenfeld.

In his opinion, the oil production cut will decrease real GDP in Q4 2018 and Q1 2019. However, it’s not the only problem we may face.

“Wage inflation is becoming weaker, and GDP growth has been at zero level during most of the previous two months. In the U.S., the Federal Reserve doesn’t sound so confident anymore that rates will keep rising with the same pace”, - he noted.

At this meeting, the Bank will not provide an updated outlook, but Shenfeld believes we may hear some mention of the downside risks to previous GDP forecasts.

CIBC Economics still expects a two-steps rate increase by 0.5% next year.

 

 

Add comment


Security code
Refresh

News

14 December 2018

Canadian biggest banks tighten mortgage market conditions following a rules change Canada’s largest banks are tightening their approach to the nation...Read more >>

13 December 2018

Many Canadians believe they will buy their dream house someday Although the pressure from higher interest rates and growing prices is rising, 41% of ...Read more >>

12 December 2018

Not all economists expect an active year for Canada’s real estate market Numerous economists provide their forecasts on the national real estate mark...Read more >>
Licence# 10349


7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved