Today the Canadian Real Estate Association (CREA) released an updated forecast for the Canadian resale housing market. The updated forecast projects that activity will remain roughly on par with the 10 year average for annual activity. According to CREA’s chief economist Gregory Klump, “Risks to the Canadian economic outlook remain…
Carney holds interest rate at 1% – Business – CBC News
September 7, 2011 by Leave a Comment
As recently as July it was believed that a fall rate hike was a sure thing, but things have changed since then and in a much anticipated move, the Bank of Canada announced this morning that it is holding on rates. The overnight rate will stay put at 1 per…