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





10 July 2019

Bank of Canada keeps its interest rate unchanged again

Today, the central bank left its key lending rate unchanged once again, and its announcement pointed to domestic economic improvements and a stronger global slowdown affected by trade conflicts.

The Bank of Canada keeps the rate at 1.75% for the 6th meeting in a row, as the economy recovers from a weak period of the late 2018 and early 2019.

It looks like Poloz doesn’t hurry to change the rate, even amid the U.S. and Europe hinting at the possibility of rate cuts caused by weakened global economic activity.

"According to the latest data, the national economy is coming back to its potential growth," – The BoC noted.

"Nevertheless, the entire picture is unclear because of trade tensions. So the current interest rates policy remains appropriate."

The consequences of the uncertain international trade conditions have affected the Bank’s reviewed economic forecasts as well.

The BoC reduced its 2019 global growth forecast from 3.2% to 3% because of the growing trade tensions, particularly between the U.S. and China.

According to the central bank, China's latest trade measures aimed at meat and canola products from Canada are expected to reduce exports by 0.2%. Such changes, also including tighter inspections on Canadian goods by China, have appeared amid a bilateral diplomatic dispute.

The Bank raised its 2019 economic growth forecast for Canada from 1.2% to 1.3%, while reduced from 2.1% to 1.9% for 2020.

Brian DePratto, senior economist for TD Economics, says the Bank’s decision coincides with TD's forecast of no rate changes as the national economy is still rebounding.

The next Bank of Canada rate decision is scheduled for September 4.

 

Add comment


Security code
Refresh

News

13 September 2019

Federal parties are pressured to adjust B-20 before the election As October federal election is coming, Canadian real estate boards are demanding imp...Read more >>

12 September 2019

Smaller condos and larger houses – two main extremes of Canada’s real estate market In case you think your condo has become smaller, don’t worry, it’...Read more >>

11 September 2019

Most Canadians blame foreign buyers for home prices increase The recent poll by Equifax shows that almost two out of three Canadians consider foreig...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