Hello and welcome everyone!
It has taken time to decide to that writing a monthly blog is one way to express my thanks to all those who have used my services over the years. I truly appreciate your business and referrals. Secondly, Thanks for the wonderful response to our Century 21 Information Watch Newsletter. We hope to continue to serve you for many years to come. Our theme for this issue is "Keeping in Touch."
There are many ways to keep in touch with your clients. You may call them for an appointment to visit with them and in most cases that would not be difficult. We all do have time consuming work to do and therefore, today it becomes more desirable to email. We believe that the receipt of a personal greeting has the most impact.
Today's news is exciting. No change in the Bank of Canada Rate. As predicted by most, the government of Canada did not raise the Overnight Rate, which currently sits at .25% and plans to hold until 2nd quarter of 2010. The next scheduled date for announcing the overnight rate target is December 8th, 2009.
When interest rates go down, people and businesses are encouraged to borrow and spend more, boosting the economy. But if the economy grows too fast, it can lead to inflation. The Bank may then raise interest rates to slow down borrowing and spending, putting a brake on inflation. In choosing a Target for the Overnight Rate, the Bank of Canada picks a level that it feels will keep future inflation low, stable and predictable. Keeping inflation low and stable helps provide a good climate for sustainable economic growth, investment and job creation.
Please continue to keep in touch and reply at your convenience. Your opinions are welcome and will be kept private and confidential.
Lillian Cooper, Sales Representative 905.764.7111 x1232 416.300.4474