Tomorrow's rate announcement

September 07, 2010 Trackback Market News by Axiom Mortgage Edit

Tomorrow, the Bank of Canada is scheduled to announce whether or not it will change the prime lending rate - and experts can't seem to agree on which way the Bank will go!

While some believe recent GDP numbers and talks of housing bubbles will force the Bank to stand pat, others believe - for inflationary reasons - the Bank has to increase it, likely by 0.25%. Which way will the Bank go? Tune in tomorrow to find out...

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