News from Canada's Mortgage Experts
Category: Current Rates
Bank of Canada to Leave Rates Alone Again
Wednesday, Jan. 20, 2010
Posted by: Don Bayer, CFP
"Record low rates to remain"
January 20, 2010
By: Les Whittington, Toronto Star
http://www.thestar.com/business/article/752985--record-low-rates-to-remain
Interesting article as Carney states that Canada’s growth was muted in 2009 (-2.5%), and interest rates will not move until the summer of 2010 and even that is a stretch if job creation in Canada doesn’t come to life. Canada is clearly waiting for the U.S economy to wake up and this may not happen in 2010. Interesting times to consider a variable rate mortgage with a great conversion option so when times change, you can consider a change as well.
Good reading.
Don Bayer
President, MonsterMortgage.ca
