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





1 April 2019

Stephen Poloz doesn’t mention possible rate increases in a new speech

On Monday, the Bank of Canada governor Stephen Poloz made a speech, leaving out the topic of possible interest rate hikes amid domestic and global economic challenges.

As worries about global trade wars increase, and we can see stronger caution from other central banks, markets will look for the smallest hint on the future of interest rates in this speech.

Poloz noted once again that the rate should be low enough to stimulate the national economy.

While less than a month ago Poloz did spoke about the possible increase, this time there were no mentions of it.

“We can see that now the global economy shows weaker results than we expected only a few months ago, and Canada is also feeling the consequences,” – he said.

An unexpected economic slowdown in the last quarter of 2018 combined with concerns over the global outlook made the markets predict even a rate cut as the next move by the Bank of Canada.

Meanwhile, Poloz pointed to certain signs of Canada adjusting to domestic and international challenges, stating the slowdown is temporary.

According to him, Canada’s economy has been showing signs of strength, e.g. 350,000 new jobs in 2018, growing wages and strong exports in services.

As you know, Poloz left the BoC key lending rate unchanged in March, pointing to stronger uncertainty about the timing of future hikes. The reason was the fact that Canada showed weaker performance, caused mainly by lower oil prices and a cooling real estate sector.

It was the third meeting in a row when the rate remained at 1.75%. Earlier, Poloz reacted to Canada’s stronger economic results by raising the rate five times from mid-2017 to last fall. The BoC was ready to go on with the hikes until the end of 2018.

“The national economic growth slowed late last year, and we can see this weakness continuing in 2019”, - Poloz noted.

“The data we receive provides quite a mixed picture, the results should be carefully monitored.”

The next interest-rate meeting is on April 24. It will be accompanied by the Bank’s new economic forecasts.

 

Add comment


Security code
Refresh

News

25 June 2019

Balances on reverse mortgages showed a more than 28% increase Forget about HELOCs, as Canadian seniors have a new popular method to use their propert...Read more >>

24 June 2019

BMO believes there’s no need for the central bank to cut rates Certain industry specialists say the Bank of Canada should cut its key lending rate ag...Read more >>

21 June 2019

HELOC debts exceeded $300 billion for the first time in history According to the Office of the Superintendent of Financial Institutions (OSFI), ...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