News from Canada's Mortgage Experts

Take a look at this article from the Globe & Mail that talks about the dropping interest rates and how long they will be sticking around.

Even with the pressures of inflation on the cost of living, it appears that rates will continue to stay low for the time being. This is bad news for savers and good news for borrowers. This reinforces the view that the Federal Reserve and the Bank of Canada have taken, indicating that they will be extremely cautious as to when and how they both decided to raise rates with the continued uncertainty in the global economy.

Cheers,

Mike