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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





News
23 October 2017

Rate hike forecasts for this week are weakening

Forecasts on a possible rate increase in October are getting weaker already. Now some experts believe the central bank will not change the rate this week and wait for the economic results during the fall season.

According to Avery Shenfeld, chief economist at CIBC Capital Markets, the Bank of Canada may face difficulties with assessing the end of NAFTA, in case it happens, and with determining the consequences of stricter mortgage rules, economic growth, and inflation amid the future minimum wage increase in Ontario.

In his opinion, the economy’s data on the wave of the BoC’s recent rate hike can’t be fully assessed until March 2018.

 
20 October 2017

September 2017 – inflation in Canada reaches 1.6% due to higher gasoline prices

According to Statistics Canada, the annual inflation rate went up last month from 1.4$ to 1.6%, pushed by higher transportation and shelter costs.

In the same time, the prices for clothes, shoes and furniture went down from a year ago.

The agency says transportation costs were up by 3.8% during the previous 12 months, supported by gasoline prices, which rose by more than 14%.

 
19 October 2017

Should Canada expect another rate increase?

Recently, the central bank released its new Business Outlook Survey, showing that businesses feel quite optimistic about Canada’s economic outlook. Is it a sign that we should wait for another rate increase?

The poll cites opinions from Canadian senior business managers and the general outlook is positive with some of them predicting sales gains and plans to increase investment and hiring volumes.

Although this survey is only one of the documents the Bank of Canada will use for determining its rate decision for the next meeting on October 25, it’s also one of the last reports it will review before it.

 
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News

23 October 2017

Rate hike forecasts for this week are weakening Forecasts on a possible rate increase in October are getting weaker already. Now some experts believe...Read more >>

20 October 2017

September 2017 – inflation in Canada reaches 1.6% due to higher gasoline prices According to Statistics Canada, the annual inflation rate went up las...Read more >>

19 October 2017

Should Canada expect another rate increase? Recently, the central bank released its new Business Outlook Survey, showing that businesses feel quite o...Read more >>
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