20 July 2011

The previous global economic data made many analytics change their minds and push back their forecasts for the next Bank of Canada rate hike. In the same time, yesterday the Bank of Canada gave more hints concerning a sooner rate increase.
Meanwhile, swaps markets are not fully pricing in a rate hike this year.
We would like to remind you that these are just forecasts and they can change depending on many national and global economic factors. That’s why before making any serious mortgage decisions, please, consult your mortgage broker.