Bank of Canada Raises Overnight Rate Target
As expected the Bank of Canada raised its overnight rate .25%, banks are expected to follow.
View the full report here: https://www.bankofcanada.ca/press /
- Canada continues to attract business investment, LNG deal being finalized placed confidence in growth of the economy.
- Despite Tariffs Canadian exports are strong, and now that trade agreement is done the bond market has responded with confidence moving forward.
More gradual increases are expected to come –
The next scheduled date for announcing the overnight rate target is Wednesday December 5, 2018. To learn more about what to do if you have a variable or fixed rate see our October Mortgage Update here http://angelacalla.ca/blog
Any questions? We are here to help. John, Julie and Dave are standing by at 604-939-8777 or email@example.com
Angela Calla, Mortgage Expert, AMP of the Year in 2009 has been helping British Columbian families save money with the best mortgage strategy for over a decade from her Port Coquitlam office location. She is a regular contributor to national and regional media outlets and long-time host of The Mortgage Show on CKNW Saturdays at 7pm, and sits on many advisory boards for mortgage lenders and insures. Most recently a best selling author of The Mortgage Code available on Amazon.