Bank of Canada Governor Confirms Canadian Interest Rates to be Cut in Coming Months
February 19th, 2008 Categories: Investing in Real Estate, Latest Real Estate Market News & Stats, Mortgages, Economics, Finance
Bank of Canada Governor Mark Carney signaled over the weekend in Tokyo, where he was attending a meeting of finance ministers and central bankers from the Group of Seven nations, that bank policy makers will cut interest rates in coming months as slowing export growth threatens Canada’s economy.
The next interest-rate decisions are scheduled for March 4 and April 22.
For more details on this see Bloomberg News Article on Declining Canadian interest rates.
Like this post? See also recent posts by Hilary
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Canadian Interest Rates Anticipated to go down further/No Cause for Alarm for Canadian Home Prices
Remember changes in the marketplace often spell OPPORTUNITY, but lack of information can make people fearful.
Planning a Move? Contact Hilary now for a no-obligation consultation on Current Financing Options and what’s going on in your local market.
This entry was posted on Tuesday, February 19th, 2008 at 11:18 pm and is filed under Investing in Real Estate, Latest Real Estate Market News & Stats, Mortgages, Economics, Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
I think lower rates will be good for your business…can’t hurt. Staying out of recession can’t hurt either.
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