Jessi Sandhu - Your Brampton Real Estate Agent
Canadian Economy and Interest Rates News and Articles | My Blog
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Bank of Canada re-commits to rate freeze and bond purchases

9/9/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada reiterated its pledge to keep interest rates at historic lows for years to come, but dialed back its willingness to take even more aggressive action and said ... More


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That sinking feeling: Canadians losing faith in price index and that has central bankers worried

8/28/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is starting to worry about inflation. Not because it sees any, mind.

... More


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Bank of Canada holds rate steady

6/3/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More


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Canadians could see record low interest rates until 2022

6/1/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.

... More


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Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts

4/15/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More


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Bank of Canada: Key interest rate cut to lowest level

3/27/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.

... More


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Big Six banks slash prime rates by half a point

3/17/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More


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Bank of Canada slashes policy rate to 0.75 per cent in surprise cut

3/13/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More


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BoC rate must be at 1.5%, think-tank's fiscal policy council says

3/2/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More


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Canadian mortgage performance to remain stable in 2020

12/18/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings.

... More


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Bank of Canada keeps key interest rate target on hold

12/5/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More


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Mortgage interest cost index slows but cost of living remains higher

10/21/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The cost of living was higher across many products and services in September.

... More


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Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

... More


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Bank of Canada to cut rates in October, then twice more

7/3/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

... More


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Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

6/20/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold ... More


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Fixed or Variable Rate?

5/6/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.

... More


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Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Canadians now owe an average of $1.79 for every dollar of disposable income.

... More


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Bank of Canada to cut rates before the end of 2019

2/28/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More


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