xhamster porno

I Would Like to be Contacted

First name:
Last name:

Validation code:
   * All fields are mandatory

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

9 January 2018

A rate increase next week isn't a done deal

Although all Canadian largest banks expect a rate increase next week, in case the Bank of Canada decides to keep the rate unchanged, there could be several reasons for that, including modest inflation and uncertainties around NAFTA negotiations.

On Monday, Bank of Montreal was the last big bank which changed its forecast towards a rate increase.

“The chances are quite strong, although I don’t think it’s a sure thing,” - noted Doug Porter, BMO’s chief economist.

There are a few reasons why the central bank’s Governor Stephen Poloz may take a pause on January 17.

Despite the fact that 2017 showed the strongest GDP growth in 6 years and the jobless rate fell to the lowest mark in 40 years, Porter still points to quite a low inflation.

Moreover, the recent business outlook poll showed that most executives still expect the inflation to remain at 2% or below it during the next 2 years.

The loonie rose by 11 percent against the U.S. currency since May, and the possibility of a rate hike could support this growth. Poloz may decide to restrain the increase this time.

According to Porter and Derek Holt from Bank of Nova Scotia, there are also risks of the U.S. abandoning the North American Free Trade Agreement, which would affect three-quarters of Canada’s exports.

Poloz has said several times that the BoC was monitoring how 2017 rate hikes affected the highly indebted borrowers. Last month, he noted that “high debt levels will make the economy more vulnerable to interest rate hikes now than in the past.”

In addition to it, the new federal mortgage rules, which took effect on January 1, also make it more difficult for certain borrowers to purchase a home. It will definitely influence the real estate prices and increase the risks from higher interest rates.

A rate hold this time will lead to a stronger shock for the markets than the September’s increase, when economists had different opinions, says Holt. “If we’re wrong in this case, we’ll be all wrong”, - he added.







Add comment

Security code


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 >>
Licence# 10349

7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved