Top of Paul's Head Top of Trevor's Head Paul and Trevor Makortoff, Accredited Mortgage Professionals

paulmakor@uniserve.com

P 604-644-1900

F 604-533-8909

tmakortoff@telus.net

P 604-209-8647

F 604-533-8909

Don't haggle with the banks. There are no additional costs for us to find you the right mortgage at the lowest rate.

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Market Forecast

  • Sep06

    Market Update

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    The Bank of Canada had a regularly scheduled policy meeting on Wednesday and left its overnight rate unchanged at 1.75% as expected.  The overall tone of the bank’s statement was probably less dovish than anticipated.  The BoC retained its view that the current degree of monetary policy stimulus is appropriate and has not tipped its hand at a possible cut in October.  Future policy is still data dependent and subject to external developments including escalating trade conflicts that are weighing on global economic momentum.  As of this morning, the implied probability of a cut at the October 30th meeting is about 20%.

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     


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