Client Testimonial

The following points were of note in the Bank of Canada March 2018 media release:

  • Target for the overnight rate remains the same at 1¼ percent.
  • Household credit growth has decelerated for three consecutive months.
  • Inflation is running close to the 2 per cent target.
  • Economy operating near capacity.
  • Inflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages.
  • Next scheduled date for announcing the overnight rate target is April 18, 2018.

Purchase price continues to rise with low inventory and low interest rates continuing to benefit sellers.

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