“Interest rates in Canada will remain stable in the near-term,” says CIBC’s Senior Economist Benjamin Tal, “with a real possibility of a rate cut in the coming months.”
Tal goes on to suggest that “being on the sideline (say by taking a variable rate mortgage) for the next few months is not a bad idea.”
He says, “The likelihood that both the prime rate and bond yields will rise during that period is low, and there is a real likelihood that they might be somewhat lower, either via a Bank of Canada rate cut or some easing in spreads.”
Like news like this?
Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime.
Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.