Bank of Canada

Hi Lou,

I listen to you daily on the radio, and enjoy your commentary. Do you know where I can find info on the direction of the Bank of Canada rates, that is, what do economists expect to happen…versus reading about it after the fact? Besides listening to you, is there a website I can go to and review what people think might happen?

I am moving into a bigger home this month and will be getting a mortgage (variable rate) so I have a personal interest.

Thanks.

Tony.

Hi Tony,

Great question!

There are quite a few places to go for information on interest rates.

You should survey the sites of the major Canadian Banks. Their Economics Departments publish lots of great reports on many subjects. Here is the link to the RBC site that will help.

http://www.rbc.com/economics/quicklink/pdf/rates.pdf

The Bank of Canada site will also provide you with lots of useful information on rates and policy. Spend some time navigating the site and you will be rewarded for the effort.

http://www.bank-banque-canada.ca/en/index.html

If you go to the bottom of the Bank of Canada page you will see they even give you the calendar of their scheduled interest rate announcements which will give you milestones to be aware of.

Enjoy the new house!

Make it a great run to Christmas and Happy Capitalism!