Close X
Monday, November 25, 2024
ADVT 
National

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

Darpan News Desk Darpan, 15 Jul, 2020 09:52 PM
  • 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

High Risk Sex Offender to reside in Vancouver

High Risk Sex Offender to reside in Vancouver
Vancouver Police are warning the public that Frank William Skani will be residing in Vancouver and poses a significant risk to women in the community. The Correctional Service of Canada has assessed Skani as high risk for sexual recidivism.

High Risk Sex Offender to reside in Vancouver

Bad chocks, brake training blamed for crash to prime minister's plane

Bad chocks, brake training blamed for crash to prime minister's plane
Military investigators have revealed the sequence of events that led the Royal Canadian Air Force plane normally used by the prime minister to run into a tow tractor and hangar wall and suffer severe damage.

Bad chocks, brake training blamed for crash to prime minister's plane

Senate ethics committee urges censure of Tory senator over trip to China

Senate ethics committee urges censure of Tory senator over trip to China
The Senate's ethics committee is recommending that a Conservative senator be censured for breaching the upper house’s ethics code when he accepted an all-expenses paid trip to China in 2017.

Senate ethics committee urges censure of Tory senator over trip to China

Surrey RCMP recover items stolen from schools

Surrey RCMP recover items stolen from schools
Search warrants executed at three separate residences, led Surrey RCMP to the seizure of items stolen from Surrey schools during a series of break and enters.

Surrey RCMP recover items stolen from schools

New data sees small increase in veterans' historical risk of suicide

New data sees small increase in veterans' historical risk of suicide
The federal government has released updated figures showing once again that Canadian veterans are at greater risk of suicide than those who have never served in uniform.

New data sees small increase in veterans' historical risk of suicide

Prices faced by consumers rising faster than inflation rate, BoC deputy says

Prices faced by consumers rising faster than inflation rate, BoC deputy says
The prices Canadians have reported paying for goods and services have been rising more than the official inflation rate, a senior Bank of Canada official says.

Prices faced by consumers rising faster than inflation rate, BoC deputy says