OTTAWA – The Bank of Canada won’t pronounce on interests rates until later this month, but Scotiabank economists are jumping the gun in speculating Canadians won’t have anything to worry about until 2016.
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Tag Archives: Interest Rates
Better lock in your mortgage rate. Now!
Real estate stocks rallied, and mortgage rates fell, as fears of Fed “tapering,” at least in the short term, evaporated.
Read more: http://www.cnbc.com/id/101043610
Bank of Canada holds trend-setting interest rate at 1%
OTTAWA — The Bank of Canada is holding its main interest rate at one per cent, where it has been since September 2010.
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It’s Crazy How Many Americans Have No Clue What Rising Interest Rates Are Doing To Their Investments
According to a new study by Edward Jones, one of the country’s biggest retail brokerages, 63% of Americans don’t know how rising interest rates will affect their retirement portfolios – their 401(k)s, IRAs, et al. – and 24% say they feel completely in the dark about what rising interest rates mean.
Read more: http://tinyurl.com/kotqgun
BMO forecasts key interest rate hike by July, 2014
TORONTO — The Bank of Canada is likely to start raising its benchmark interest rate in July 2014, a full year before the U.S. Federal Reserve, BMO’s chief economist Douglas Porter said Wednesday.
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Canadian interest rate forecast for June, 2013
VANCOUVER, BC, Jun 5, 2013/ Troy Media/ – The global recovery remains uneven and slow with regional weakness in Europe, slowing but still substantial growth in China, a moderate U.S. expansion, and sluggish commodity-based economies.
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CHART OF THE DAY: Central Banks Covering 27% Of The World Slashed Interest Rates This Month
“Central bankers claim that they aren’t starting a currency war,” wrote market expert Ed Yardeni. “They deny that their policies are aimed at the competitive devaluation of their currencies. Let’s call it competitive ultra-easing.”
Read more: http://tinyurl.com/oxmf4o7
Bank of Canada rate hike view pushed to last quarter of 2014
The Bank of Canada’s next interest rate hike won’t come until the fourth quarter of 2014, according to a Reuters survey that saw economists push back forecasts for the next tightening due to the economy’s tepid growth and low inflation.
All 34 economists polled by Reuters expect the central bank to leave its benchmark rate unchanged at 1 percent on May 29, when it announces its next scheduled rate decision.
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Federal Reserve keeps stimulus going full speed
Amid signs of a weakening economy, the Federal Reserve agreed Wednesday to continue an aggressive initiative to hold down interest rates and stimulate growth by buying government bonds.
Read more: http://tinyurl.com/d89k8w5
Bank of Canada may not hike rates until 2015
It could be 2015 before the Bank of Canada raises interest rates again.
As The Globe and Mail’s Kevin Carmichael reports, the central bank held its benchmark overnight rate at 1 per cent this week, saying such exceptional stimulus “will likely remain appropriate for a period of time.”
Read more: http://tinyurl.com/cbngtos