I have been in the Financial Services industry for over 25 years. As the VP of Sales and Service at Mortgage Brokers Ottawa, my role is to provide leadership and direction to ensure that our excellent group of Mortgage Brokers and Agents have the tools and resources to do what they do best, give clients superior mortgage advice. I also assist our Partnership group in continuing to foster our relationships with external partners in the community.
I am also a Mortgage Agent and really enjoy helping people finance a new home or refinance an existing home. Prov ...
Bank of Canada keeps overnight interest rate at 1%
Date Posted: October 24, 2014
The Bank of Canada's latest statement echoed, was to emphasize excess capacity in the economy and the need for continued monetary policy stimulation. It's said that with inflation close to the bank's 2% target, the risk of a downward drift in inflation expectations has diminished.
Higher energy prices, fall of the Canadian dollar and sector-specific shocks such as costlier meat has resulted in higher inflation. The Bank of Canada demonstrated it's disappointment in economic growth and has thus pushed back, again, to mid-2016, it's expectations for when the economy would reach it's 2% target for core inflation.