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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.

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Linda Seymour named new president and chief executive of HSBC Canada

Linda Seymour named new president and chief executive of HSBC Canada
HSBC Canada says Linda Seymour has been appointed as the bank's president and chief executive, effective Sept. 1.

Linda Seymour named new president and chief executive of HSBC Canada

Senior Punjabi NRI couple from Canada murdered in Phagwara

Senior Punjabi NRI couple from Canada murdered in Phagwara
A NRI couple from Canada was allegedly murdered with sharp weapons at their home in Onkar Nagar on Saturday night. The SSP said the deceased couple has been identified as Kirpal Singh Minhas (67) and his wife Davinder Kaur (65).

Senior Punjabi NRI couple from Canada murdered in Phagwara

Progressive Intercultural Community Services Society (PICS) honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada.

Progressive Intercultural Community Services Society (PICS) honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada.
Progressive Intercultural Community Services Society (PICS) has been honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada. This initiative is part of IKEA’s commitment to provide approximately $2.3M in product and supply donations to support local communities impacted by the COVID-19 pandemic.

Progressive Intercultural Community Services Society (PICS) honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada.

Vancouver's Punjabi market marks its 50th anniversary on May 31

Vancouver's Punjabi market marks its 50th anniversary on May 31
Vancouver's iconic Punjabi Market on Main Street celebrates its 50th anniversary as a symbol of heritage and culture in the Lower Mainland. 

Vancouver's Punjabi market marks its 50th anniversary on May 31

Trump announces he is cutting ties with WHO and yanking special privileges from Hong Kong

Trump announces he is cutting ties with WHO and yanking special privileges from Hong Kong
United States President Donald Trump and his administration announced Friday he is severing ties with the World Health Organization (WHO) for its failure to carry out reforms and said the annual contribution of $450 million will be forwarded to other prganizations around the world.

Trump announces he is cutting ties with WHO and yanking special privileges from Hong Kong

Students decry tuition hikes as COVID-19 pandemic increases financial strain

Students decry tuition hikes as  COVID-19 pandemic increases financial strain
TORONTO - Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.

Students decry tuition hikes as COVID-19 pandemic increases financial strain