Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Key points from this article.
1)Canada’s most prominent financial professionals see interest rates staying higher for longer. They won’t even return to 2019-levels by the end of 2026, according to the majority of forecasts.
2)Policymakers frame higher rates as a negative, presenting the level that followed the Great Recession as normal. However, higher rates are typically a sign of demand remaining robust enough to boost inflation for goods. That’s a sign of an economy that’s doing just fine, as well as one that can actually afford to pay depositors interest that’s higher than the rate of inflation. A surprisingly optimistic forecast, even though it may not present that way.
Source: https://betterdwelling.com/bank-of-canada-market-survey-sees-rates-staying-higher-for-longer/
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