Home > Uncategorized > Canada’s inflation leaps most in 8 yrs….Are we headed for rapid rate rises?

Canada’s inflation leaps most in 8 yrs….Are we headed for rapid rate rises?


Recent inflation numbers in Canada are running high and that puts Bank of Canada in a dilemma whether it should raise the overnight rate. There has been speculation that the Bank Rate might start to move upward in 2011 instead of what most analysts previously thought it would hold off until 2012.
I have included an article from Bloomberg News reporting most countries in Asia/Latin America and also Europe have started rate increases, however, US, UK and Japan are still holding on to the low interest rate policy, now the recent inflation numbers show a significant upward movement in Canada, it would be interesting to see how Bank of Canada would respond at the next meeting in mid July.
Right now Prime rate is still at 3%, lenders offer various degrees of discount. Fixed rate mortgages have been stable in the last few weeks, but there are pressures in the bond market and fixed rates might go up as well.

Tina Mak Personal Real Estate Corporation

Vancouver Radio Realtor AM1320

The Bridge from East to West since 1992

http://www.TinaMak.com

http://www.TinaMak.ca 温哥华中文地產綱站

http://www.GenYrealestate.ca

604-412-5860

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