We can thank a slower than expected U.S. recovery and the European debt crisis… With all this uncertainty in the global economy, it appears interest rates won’t go up until there is some positive news…
Most experts fee that no change will occur til later this year and some are even forecasting no rate hikes til next year.
The BOC did hint they do want to raise rates but are being cautious in their approach. Here’s a report from CBC.ca.
Enjoy the low rates..
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.