March 6, 2013 - Bank of Canada maintains overnight rate target at 1 per cent
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March 6, 2013 - Bank of Canada maintains overnight rate target at 1 per cent

This is a discussion on March 6, 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 > Publications and Research > ...

  1. #1
    Forum Beginner herefishyfishy's Avatar
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    DefaultMarch 6, 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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    A few excerpts from the Bank of Canada key interest rate announcement today:

    The global economic outlook is broadly consistent with the Bank’s projection in its January Monetary Policy Report (MPR). Global financial conditions remain stimulative
    In the United States, the economic expansion is continuing at a gradual pace and private sector demand is gaining momentum. Fiscal drag in the United States over the next two years remains consistent with the Bank’s January projection, although it is likely to be more front-loaded as a result of sequestration cuts. The recession in Europe continues. Growth in China has improved, while economic activity in some other major emerging economies is expected to benefit from policy stimulus.
    The Bank expects growth in Canada to pick up through 2013, supported by modest growth in household spending combined with a recovery in exports and solid business investment.
    Total CPI inflation has been somewhat more subdued than projected in the January MPR as a result of weaker core inflation and lower mortgage interest costs
    Core and total CPI inflation are expected to remain low in the near term before rising gradually to reach 2 per cent over the projection horizon as the economy returns to full capacity
    With continued slack in the Canadian economy, the muted outlook for inflation, ... the considerable monetary policy stimulus currently in place will likely remain appropriate for a period of time, after which some modest withdrawal will likely be required, consistent with achieving the 2 per cent inflation target.
    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.

  4. #3
    Forum Resident nigerian prince's Avatar
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    yes stimulus is the answer, haha and spending because its worked so well..

 

 


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