Bank of Canada expected to Lower Interest Rates

By
Mortgage and Lending with VERICO Designer Mortgages Inc.

Bank of Canada has hinted that they may cut interest rates again.

Early today in Toronto, Bank of Canada Senior Deputy Governor Paul Jenkins stated, "Some further monetary stimulus will likely be required to achieve our 2 percent inflation target over the medium term."

The Cdn Central Bank cut its benchmark overnight lending rate to 2.25 percent on Oct. 21.

Some economists expect that the Bank of Canada will cut their overnight rate a half point to 1.75 percent on Dec. 9. This would be the lowest since 1960.

Click Here to Subscribe to My Blog.

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com
www.ginaburgio.com

Each VERICO Broker is an independent owner operator.

Gina Burgio's Facebook profile

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Toronto For Sale By Owner 11/13/2008 01:43 AM
Topic:
Mortgage / Finance
Location:
Ontario Brant County Brantford Brantford
Groups:
Mortgages
Ontario Real Estate and Information
Realtors®
Realtors Needing the services of the Lending Powers
True Mortgage Professionals
Tags:
canada
interest rate
mortgage broker
mortgage rates
mortgages
loan
home loans
rates
debt
line of credit
credit
economic crisis

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
996,038
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Gina:  Lowering interest rates is a good thing.  So... question:  When are they going to start handing out free samples ?

November 13, 2008 12:35 AM #1
Rainmaker
332,689
Steven Nickens
Island Sotheby's International Realty - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Aloha Gina,

I heard that Europe is doing the same.  I heard this will help the American dollar.

Steve

November 13, 2008 01:01 AM #2
Rainmaker
744,155
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

This is a good thing.  We need a worldwide effort for stimulus to stem off the potential for a depression.

November 13, 2008 01:06 AM #3
Ambassador
1,326,457
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Gina,  Looks like the Bank of England is going one better.  They're considering lowering interest rates to zero.

November 13, 2008 06:35 AM #4
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
24,184

Gina Burgio

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information