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Contact Information

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
12 July 2010

Markets Predict Prime Hike To 2.75%
Canada’s key lending rate can rise soon for 0.25%. Of course, if the financial markets forecasts are true.
Here are some of them:
•    Today the bankers acceptance (BA) yields are 20 bps above the overnight rate. Their current level is 0.94%, so it’s another reason to think about 25 bps (0.25%) rate increase.

 
9 July 2010

June 2010 - 93,000 new jobs created in Canada
In June the Canadian economy created 93,000 new positions. Moreover, the unemployment rate is below 8% now – it’s the first time since January 2009.
With these numbers, the International Monetary Fund's forecast became even more optimistic:  Canada's economy has a chance to outperform other advanced countries. In June the Bank of Canada became the first central bank in the Group of Seven to raise interest rates for the first time since the global downturn. And on July 20 another tightening is expected.

 
8 July 2010

2011 - IMF expects global pullback
High economy levels in Canada, China and India should stimulate global economic growth in 2010, but the forecast for 2011 is less optimistic.
In 2010 the International Monetary Fund expects the world growth of about 4.5% (it’s up from its prior forecast of about 4%). But of course there’s always a bad side – another wave of financial stress has provoked the pullback risk. In the end, the forecast of 2011 growth level fell from 3.2% to 2.8%.
Here are some of the main risk items, according to the IMF:

 
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News

19 January 2018

Can the Bank of Canada's gradual rate hikes be dangerous? According to economists, it will take more time for the recent rate increases in Canada to ...Read more >>

18 January 2018

Canadian big banks follow Bank of Canada's example and raise their rates The largest Canadian banks decided to raise their prime rates as soon as the...Read more >>

17 January 2018

Bank of Canada raised the rate again and here’s how specialists reacted to it The central bank raised its key lending rate for the third time in half...Read more >>
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