Market Update!

Market Update!

Good news, the Bank of Canada saw higher economic growth than was originally anticipated for the first quarter of 2013, but cautions of a long road to recovery. Therefore, interest rates will be kept low, at 1%, in order to continue to stimulate the economy. These low interests rate have created an optimal situation for consumer and business borrowing. Time to buy!

On June 3, 2013 Stephen Poloz will take over for Mark Carney, are you expecting to see policy changes?

 

http://www.montrealgazette.com/business/Bank+Canada+keeps+policy+rate+unchanged/8449756/story.html

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Joan McGuigan

Joan McGuigan

Certified Real Estate Broker
CENTURY 21 McGuigan Pepin
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