Interest rate hike: Why the Bank of Canada may hold off

Economics | 207057 hits | Jan 07 8:28 pm | Posted by: wildrosegirl

Analysts have predicted this will be the year that the Bank of Canada raises its benchmark interest rate. And it could very well be the year it does. Unless of course, it doesn't.

Comments

by Canadian_Mind
Thu Jan 08, 2015 3:08 pm
Have to sign my second term in July. Also looking to purchase a second house so I can rent out the current one. Would be nice if the rates stay low until after the summer so I can lock in a good rate for the next 3-4 years.
by martin14
Thu Jan 08, 2015 3:12 pm
"Canadian_Mind" said
Have to sign my second term in July. Also looking to purchase a second house so I can rent out the current one. Would be nice if the rates stay low until after the summer so I can lock in a good rate for the next 3-4 years.

Good Lord.

First, lock your mortgage in as soon as you can, don't wait for July.

Second, don't buy another house now.

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