BMO expects interest rate cutHomeMarket Update

The Bank of Canada will decide on interest rates next Wednesday and a growing number of financial experts are calling for a cut. The latest big name to do so is Bank of Montreal which has updated its outlook. Economist Doug Porter says that with commodity prices remaining weak the BoC will act to restore confidence and promote growth following a disappointing fourth quarter of 2015.

by Steve Randall

Canadian Real Estate Magazine

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