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Bank of Canada says rates will stay low for a long time.

Darpan News Desk Darpan, 15 Jul, 2020
  • Bank of Canada says rates will stay low for a long time.

The Effect of Pandemic and lower interest rates on the Realestate market. Will house prices rise or will it fall?

Bank of Canada Signals Low Rates for a Long Time. The Bank of Canada left its key interest rate unchanged at 0.25% and says it is likely to remain at that level for at least two years as the economy gradually recovers from the coronavirus pandemic and measures to contain it.

It's also unclear how quickly consumer demand will recover due to changes in spending habits, work patterns, and social behaviour.

MORE National ARTICLES

Body found after fire in Langley, B.C.: RCMP

Body found after fire in Langley, B.C.: RCMP

Police are investigating after a body was found in a wooded area on the boundary between Langley, B.C., and Surrey on Wednesday morning.

Body found after fire in Langley, B.C.: RCMP

Feds urged to review Alberta coal mine project

Feds urged to review Alberta coal mine project

A lawyer at the centre of a lobbying effort to stop a coal mine from expanding in Alberta says the federal government's refusal to do its own environmental review of the project is the ultimate in "climate hypocrisy."

Feds urged to review Alberta coal mine project

Proposed deal reached in B.C. foster care case

Proposed deal reached in B.C. foster care case

A proposed settlement agreement has been reached in the case of a British Columbia government guardian, who is alleged to have stolen hundreds of thousands of dollars from vulnerable foster children.

Proposed deal reached in B.C. foster care case

Charities awaiting word on $912M program

Charities awaiting word on $912M program

Non-profit groups that wanted to use Canada Student Services Grant to hire volunteers say they have not heard a peep from the federal government since WE Charity walked away from managing the $912-million program almost two weeks ago.

Charities awaiting word on $912M program

Huawei says Trump-China war hurting it, too

Huawei says Trump-China war hurting it, too

Huawei Canada says it is collateral damage in the Trump administration's trade war with China and remains hopeful that it might still be able to sell next-generation internet equipment to Canada.

Huawei says Trump-China war hurting it, too

Kidnapping and sexual assault investigation of Toronto man Shanthakumar Kandiah

Kidnapping and sexual assault investigation of Toronto man Shanthakumar Kandiah

The Toronto Police Service would like to advise the public of an ongoing sexual assault investigation.

Kidnapping and sexual assault investigation of Toronto man Shanthakumar Kandiah

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