Bank of Canada\u0027s 100\u002Dbasis\u002Dpoint interest rate hike aims at a soft landing for Canada\u0027s economy, but economists say there are risks. Read on
last week as front loading that historically has raised the chance of a soft landing for the economy.
“A soft landing here is a bit like trying to parallel park a car at 60 miles an hour,” Mark Wiseman, chair of Alberta Investment Management Corp., said on BNN Bloomberg Television. “You have to be not just a skilled driver, but an extremely skilled driver and a little bit lucky.” This would reduce the buying power of the median income household from just above $700,000 to $500,000 — not a lot when the benchmark home price in June was $807,000, he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted CanadiansICYMI: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted Canadians — via financialpost interestrates
Read more »
Posthaste: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted CanadiansICYMI: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted Canadians — via financialpost interestrates
Read more »
Posthaste: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted CanadiansICYMI: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted Canadians — via financialpost interestrates
Read more »
Posthaste: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted CanadiansICYMI: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted Canadians — via financialpost interestrates
Read more »
Posthaste: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted CanadiansSignals have been piling up that the Bank of Canada will hike rates by 75\u002Dbasis\u002Dpoint hike this week. Find out more
Read more »
Bank of Canada issues shock rate hike in effort to crush inflationICYMI: Bank of Canada delivers jolt with 100 basis point interest rate hike – via financialpost Canada economy inflation interestratehike
Read more »