Interest rates may need to rise above 4% as housing market bounces back: BMO

  • 📰 OttawaCitizen
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

ICYMI: Interest rates may need to rise above 4% as housing market bounces back: BMO — via financialpost RealEstate News Economy

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

financialpost 'Budgets balance themselves' trudeau fiscal policy plus 'i never think of monetary policy ' and facilitating Bank of Canada money printing then symbiotic chartered bank and academic advisors all nodding in liberal approval just might be responsible for our financial chaos!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 21. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Interest rates may need to rise above 4% as housing market bounces back: BMOICYMI: Interest rates may need to rise above 4% as housing market bounces back: BMO RealEstate News Economy
Source: financialpost - 🏆 7. / 85 Read more »

Interest rates may need to rise above 4% as housing market bounces back: BMOICYMI: Interest rates may need to rise above 4% as housing market bounces back: BMO — via financialpost RealEstate News Economy
Source: calgaryherald - 🏆 64. / 52 Read more »

Interest rates may need to rise above 4% as housing market bounces back: BMOICYMI: Interest rates may need to rise above 4% as housing market bounces back: BMO — via financialpost RealEstate News Economy financialpost Go above 7% financialpost ManyBeenRinsed - MSM is back at it. Article says ‘flicker’, headline says ‘bounces back’ 🙄 financialpost 👍🏽👍🏽👍🏽
Source: VancouverSun - 🏆 49. / 61 Read more »