Etobicoke Real Estate

Sell my etobicoke home   Contact Jackie  

Whats Happening With Interest Rates?

Many economists, TD included, believed that interest rates would begin to climb in mid-2011. However, economists have adjusted their earlier report in its Quarterly Economic Forecast regarding its outlook on monetary policy and interest rates.
Currently, TD does not expect the Bank of Canada to hike rates at any point in 2011, but rather they would start to increase in 2012 with the overnight rate finishing off 2012 at the 2.00% mark.

The TD report goes on to say that traditional thinking about monetary policy doesn’t bode well in this out of the ordinary recovery

Leave a Reply

Your email address will not be published. Required fields are marked *

Jackie’s Blog Topics