Chief Economist Douglas Porter’s tentative prediction came after Toronto home sales bounced 11 per cent in August from the previous month. While benchmark prices continue to drop, the jump in activity could be a sign the market slide is easing even amid rising interest rates and an uncertain economic outlook.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
Governor Tiff Macklem and his officials have already raised the central bank’s benchmark overnight rate to 2.5 per cent from 0.25 per cent in March. Markets and economists expect a three-quarter-point hike to 3.25 per cent at its Sept. 7 policy decision, with another hike likely in October, according to the median estimate in a Bloomberg survey.Article content
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Eight, minimum. Inflation running over 7 and there is no incentive for them stop profiteering so it's just gonna chug along until Blackstone has your house.
No they don't need to. The only people wanting this are bankers and politicians; for bankers it's profit and for politicians, it's to control and prevent people from becoming independent.
I was promised a crash 😂 Septembers rate hike may be the last for this cycle then a pause….
Heaven forbid people get to buy a house.
12 actually.... 👍🏻. Hang on folks.... 😬
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