It Looks Like Interest Rates Are Going To Stay Low For Another Year

Good news for homeowners and prospective homeowners.  It looks like interest rates aren't going to go up any time soon.

A Wall Street Journal survey of the leading economists at 12 primary Canadian Government debt dealers indicated that no rate increases are expected until mid-2015 at the earliest.

The reasons for keeping rates low include a drop in oil prices (hurts Canadian economy), sluggish global growth and no signs of inflation. 

CTV News also expands on expectations for stable interest rates. Read more: here

Blog Archives

Tags