National

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

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

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.

Prev Next

MORE National ARTICLES

Accused must knowingly breach bail conditions to be found guilty: Supreme Court

A person accused of breaching bail must knowingly or recklessly violate conditions in order to be found guilty of straying from them, the Supreme Court of Canada has ruled.

Accused must knowingly breach bail conditions to be found guilty: Supreme Court

Federal deficit could hit $256 billion, PBO says in new report

The parliamentary budget officer says in a new report that this year's federal deficit could hit $256 billion due to the COVID-19 pandemic.

Federal deficit could hit $256 billion, PBO says in new report

Surrey man taken off plane for smoking

Police say, a WestJet flight from Vancouver to Toronto made a landing in Winnipeg on Sunday afternoon around 2:25 p.m. because of a disruptive passenger. The RCMP said Balvir Singh, a 60 year old Surrey resident lit a cigarette and didn't abide by instructions of the flight crew.

Surrey man taken off plane for smoking

City of Surrey named one of Canada's greenest employers

City of Surrey has been selected as one of Canada’s Greenest Employers in 2020, which recognizes employers that lead the nation in creating a culture of environmental awareness in their organizations.

City of Surrey named one of Canada's greenest employers

Surrey City development corporation assets and activities to be transferred to City of Surrey.

Surrey City Council has voted to dissolve Surrey City Development Corporation (SCDC), a for-profit development company owned by the City, and transfer its assets and operations over to the City of Surrey.

Surrey City development corporation assets and activities to be transferred to City of Surrey.

SickKids doctors expect safe return to school for Ontario students in September

Medical experts from Toronto's SickKids Hospital say children in Ontario should be able to return to school in September, even though the novel coronavirus that causes COVID-19 likely won't be eradicated by then.