After the Bank of Canada’s decision yesterday to hold steady on the 0.75 per cent interest rate many analysts now say that another rate cut this year is unlikely. Stephen Poloz said that the bank is confident that the cut made in January is doing the job they wanted it to do, giving enough stimulus to offset the loss from lower oil prices. With oil prices having stabilised to some extent and other economic conditions …
There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true? Following the last cut on January 21, many big banks predicted a further cut would be made today, but the Bank of Canada has moved to maintain the rate at ¾ per cent, citing improved economic conditions since that last move. “Financial conditions in Canada have eased materially since January, in response to …
As the real estate industry waits with bated breath for the Bank of Canada’s interest rate announcement tomorrow, one expert makes his prediction. “The Bank of Canada will likely pause on Wednesday before cutting rates again in April,” Sal Guatieri, senior economist at BMO Capital Markets, told CREW. “It likely needs more time to assess the economic impact of lower oil prices and to see where oil prices will stabilize.” The bank cut interest rates …
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Despite a falling loonie, investing in the U.S. property market still offers more guaranteed cash flow than investing in Canada, say experts. “Positive cash flow is really easy in the U.S.,” said Mike Wolf, a Canadian investor who focuses on the U.S. market. “When I first started investing in the U.S., there were very few Canadians investing down there. It was around nine years ago, our dollar was at around 0.70 cents and the homes …
U.S. investment offers more cash flow than Canada Read More »