Bank of Canada Holds Interest Rates

January 20th, 2016


The Bank of Canada announced it will maintain its target for the overnight rate at 0.5%

The Bank projects Canada’s economy will grow by about 1.5% in 2016 and 2.5% per cent in 2017

Now this does not guarantee the Banks will lower interest rates on things such as mortgages, it only governs the rate that retail banks charge each other for short-term loans, however it has a strong impact on the rates that Canadians get from their Banks.

The Bank of Canada also stated employment and household spending remains strong.
David Giovanniello is the Author of the book: "The Warren Buffett Approach to Sell Real Estate and also Founder & Host of North London Advice Givers™ Podcast and Editor-in-Chief of North London Advice Givers™ Magazine—a monthly print-publication, featuring London experts, entrepreneurs and thought-leaders. He is also, CEO of North London's Teacher Only Program® and is a licensed real estate agent with Century 21 First Canadian Corp. Brokerage. David has been called "provocative and entertaining," but also, "a committed philanthropist." He is praised for his Mission to raise/donate over $10,000 to local and Teacher-related charities each year. David also supports many great national charities too, such as: United Way London & Middlesex, Muscular Dystrophy, Canadian Red Cross, MADD: Mothers Against Drunk Driving, Jr. Mustangs Hockey Team Sponsor. Plus, with his "Free Book 4 Charity" campaign, he hopes to raise another $25,000 annually from the $5 (minimum) donations, of paying it forward., visit: 

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