January 23, 2013 - Bank of Canada maintains overnight rate target at 1 per cent
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January 23, 2013 - Bank of Canada maintains overnight rate target at 1 per cent

This is a discussion on January 23, 2013 - 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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    DefaultJanuary 23, 2013 - 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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    DefaultMonetary Policy Report - January 2013

    The first quarterly Monetary Policy Report of 2013 was also released this morning.

    Quoted from the Bank of Canada website below:
    Following an estimated 1.9 per cent in 2012, the Canadian economy is expected to grow by 2.0 per cent in 2013 and 2.7 per cent in 2014, and to reach full capacity in the second half of 2014, later than anticipated in the October Report.
    Link:
    Bank of Canada > Publications and Research > Periodicals > Monetary Policy Report > Monetary Policy Report - January 2013
    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 from the Bank of Canada key interest rate announcement today:

    The global economic outlook is slightly weaker than the Bank had projected in its October Monetary Policy Report
    The economic expansion in the United States is continuing at a gradual pace ... Europe remains in recession, with a somewhat more protracted downturn now expected than in October. ... Growth in China is improving, though economic activity has slowed further in some other major emerging economies.
    In Canada, the slowdown in the second half of 2012 was more pronounced than the Bank had anticipated, ... Caution about high debt levels has begun to restrain household spending. The Bank expects economic growth to pick up through 2013.
    The Bank expects trend growth in household credit to moderate further, with the debt-to-income ratio stabilizing near current levels.
    Core inflation has softened by more than the Bank had expected, ... Total CPI inflation has also been lower than anticipated,
    While some modest withdrawal of monetary policy stimulus will likely be required over time, consistent with achieving the 2 per cent inflation target, ... the timing of any such withdrawal is less imminent than previously anticipated.
    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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