New drop in the master rate by the Bank of Canada? – M105 – FM 104.9
-
--
-
new drop in the master rate by the Bank of Canada?
Image source: Source Image: Bank website of Canada
A new drop in the key rate tomorrow could again decrease interest rates.
The last seven decisions of the Bank of Canada, since last June, have been decreases in rate.
-In all, the key rate melted from almost half of 5 % to 2.75 %.
This turnaround gives consumers and borrowers some air since Canada’s decisions have a direct impact on mortgage payments, credit margins and car loans.
A Reuters agency survey reveals that 60 % of economists surveyed expect the Banque du Canada to maintain its rate at 2.75 % while the balance expects a drop of 25 basis.
