Low mortgage rates will be very beneficial for Canada’s housing market
Easing will support economic recovery, central bank says
Tuesday’s meeting is likely to mark the end of the easing cycle by the Bank of Canada
Modification of the “operating band” is in order
Taking rates lower would pose problems for the banking sector
Fed to buy up to US$300 million in U.S. Treasurys
The Bank of England and the European Central Bank both cut their rates to rock bottom levels Thursday, and took the first steps towards quantitative easing with little room left to further lower rates.The Bank of England’s Monetary Policy Committee voted to reduce the official Bank Rate by 50 basis points to 0.5% today, and […]
Rates to remain low until there are “clear signs that excess supply in the economy is being taken up”
The Bank of Canada will cut rates another 50 basis points to just 0.50% in March, predict economists with Toronto-Dominion Bank.In a research note, TD Economics observes that, “With rates already at historical lows, there is little further room to ease. As such, we forecast the Bank of Canada to deliver just one more 50 […]
Both moves expected markets, TD says