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



HST - WHAT IS TAXABLE?

11 July 2019

Dow Jones index reached a record high level

On Thursday, the Dow Jones index reached a record high level of 27,000 points, as Fed chair Jerome Powell underlined the central bank is ready to reduce interest rates for encouraging the economic growth.

Powell also pointed to the U.S.-China trade war and signs of a global slowdown, which could make the Fed reduce rates at the end of this month.

At the middle of the day, the Dow went up by 190 points to 27,050, marking a record high level. At the same time, S&P also rose by 6 points to 2999.

The U.S. consumer price index was up by 1.6% last month from a year ago.

Lower prices for gas were offset by higher rents and auto prices, although the core inflation rate was at the Fed’s target of 2.1%.

While the Fed pointed to low inflation as a reason for possible rate cut, the relatively strong core inflation could slow down the reduction process.

"With the current Dow at 27,000 and S&P at 3,000, they are expecting a deal with China, the Fed to cut rates, and then incomes showing better results than predicted”, - noted Sean Lynch from Wells Fargo Private Bank. "In case something from that list changes, we’ll see a slight slowdown at the market."

As you know, the Bank of Canada kept its key lending rate at 1.75% on Wednesday. It means the Fed rate (today at 2.5%) may get closer to its northern neighbor’s rate.

 

 

Add comment


Security code
Refresh

News

19 July 2019

The first decline of a qualifying mortgage rate since B-20 took effect It’s the first time that the interest rate used for mortgage stress tests went...Read more >>

18 July 2019

Canadian and Chinese consumers are among the most popular foreign home buyers in the U.S. Canadians are still among main buyers of residential homes ...Read more >>

17 July 2019

Alternative lending becomes more popular In 2018, Canada saw a growing number of borrowers addressing alternative lenders. Meanwhile, new mortgage gr...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