"Bank of Canada warns higher rates ahead" - What does this mean? How will this impact our economy moving foward?

The answer is Bank of Canada is still forecasting GROWTH !

"The bank is forecasting growth of 3.7 per cent this year, reflecting stronger global activity, strong housing activity in Canada and the bank’s conclusion that policy stimulus advanced some spending into late 2009 and early 2010.

It's forecasting that Canadian economic growth will slow to 3.1 per cent in 2011 and 1.9 per cent in 2012."

Read more: http://www.cbc.ca/money/story/2010/04/20/bank-rate-fixing.html#ixzz0lfIYGBw5

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Rania Agha-Alshurafa

Rania Agha-Alshurafa

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CENTURY 21 Miller Real Estate Ltd., Brokerage*
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