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Interest rate cut unlikely but low rates set to remain

April 27, 2016 - Updated: April 27, 2016

"The governor of the Bank of Canada gave a speech in New York Tuesday in which he

highlighted the weakness in the global growth outlook and how lower interest rates are

likely to be the new normal. Stephen Poloz ruled out a further cut in Canada’s interest

rates though, unless there is a “shock of some significance.” While the governor’s words

were uncomfortable for investors – pension funds were specifically warned to expect

lower rates for some time – it is clearly good news for mortgage rates."

 

Source: http://www.repmag.ca/market-update/interest-rate-cut-unlikely-but-low-rates-set-to-remain-206394.aspx


Tagged with: real estate professional real estate toronto gta bank of canada interest rate global growth mortgage rates
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