UPDATE: JUNE 10 INTEREST RATE ANNOUNCEMENT POSTED HERE April 22nd, 2008 In keeping with its mandate to keep inflation in Canada at the 2% target, the Bank of Canada today announced that it was lowering its overnight lending rate by 50 basis points (one-half per cent) to 3%. Citing deepening economic woes in the U.S.,Continue reading “Bank Of Canada Slashes Key Interest Rate by 0.5%”
Tag Archives: finance
Bank Of Canada Expected To Cut Interest Rates
UPDATE: APR 22, 2008 RATE ANNOUNCEMENT Don’t forget, the Bankof Canada meets tomorrow, April 22nd, 2008. The Bank is expected to cut interest rates by another 50 basis points (0.5%) to generate some stimulus in the weakening economy. This is of course great news for anyone on floating rate mortgages and buyers of real estate.Continue reading “Bank Of Canada Expected To Cut Interest Rates”
Interest Rates may decrease; at least hold.
Why might the recent turmoil in the financial markets be good for home owners and buyers? See below: From http://lfpress.ca/newsstand/Business/2007/08/11/4409763-sun.html TORONTO — The global financial turmoil that has rocked world financial markets may have a bright side for Canadians — it could end up keeping interest rates lower despite rising inflation, economists say. WithContinue reading “Interest Rates may decrease; at least hold.”