TD predicts interest rate hikes for July and September
Posted on
June 4, 2007
by
Norm Fisher, Royal LePage Vidorra
“While the Bank of Canada elected to leave its key lending rate unchanged at 4.25%, it will likely be the last time the central bank does so for a little while. In acknowledging that both economic growth and inflation has exceeded its expectations, the Bank explicitly stated that “some increase in the target for the overnight rate may be required in the near term to bring inflation back to target.” This statement blows open the door to what we believe will be the first of two 25 basis point increases in the overnight rate starting at the Bank’s next Fixed Announcement Date (FAD) on July 10th.”
I’m always happy to answer your Saskatoon real estate questions.
Norm Fisher
Royal LePage Vidorra
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