April 17, 2012 - Bank of Canada maintains overnight rate target at 1 per cent
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April 17, 2012 - Bank of Canada maintains overnight rate target at 1 per cent

This is a discussion on April 17, 2012 - Bank of Canada maintains overnight rate target at 1 per cent within the Dominion Lending Centres - Clear Trust Mortgages forums, part of the Corporate Sponsors category; Bank of Canada maintains overnight rate target at 1 per cent Link: Bank of Canada maintains overnight rate at 1 ...

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    Forum Beginner herefishyfishy's Avatar
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    DefaultApril 17, 2012 - Bank of Canada maintains overnight rate target at 1 per cent

    Find out how a licensed mortgage broker can be an advantage for securing a better mortgage:
    http://www.andrewleung.ca - Licensed Mortgage Broker, Mortgage Pro"fish"onal!

    An interesting study from the Bank of Canada on mortgage discounting.

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    Forum Beginner herefishyfishy's Avatar
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    A few excerpts:

    The profile for global economic growth has improved since the Bank released its January Monetary Policy Report (MPR).
    Overall, economic momentum in Canada is slightly firmer than the Bank had expected in January.
    As a result, business and household confidence are improving faster than forecast in January.
    The contribution of government spending to growth is expected to be quite modest over the projection horizon
    the profile for inflation is expected to be somewhat firmer than anticipated in January
    In light of the reduced slack in the economy and firmer underlying inflation, some modest withdrawal of the present considerable monetary policy stimulus may become appropriate, consistent with achieving the 2 per cent inflation target over the medium term. The timing and degree of any such withdrawal will be weighed carefully against domestic and global economic developments
    Find out how a licensed mortgage broker can be an advantage for securing a better mortgage:
    http://www.andrewleung.ca - Licensed Mortgage Broker, Mortgage Pro"fish"onal!

    An interesting study from the Bank of Canada on mortgage discounting.

 

 


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