Real Estate In Red Deer & Area
Real Estate in Red Deer, Jon & Denise Nichols Real Estate in Red Deer, Jon & Denise Nichols

Bank of Canada holds rate, expecting strong rebound this summer

Boc Interest Rate Oct 2016

The central bank reiterated its guidance that rates would remain unchanged until at least the second half of 2022.

Weaker-than-expected economic growth and hotter-than-normal inflation don’t seem to be overly bothering Bank of Canada governor Tiff Macklem and his deputies, who today said the most recent economic data align with their outlook. Importantly, they stuck to their view that the economy could pop this summer as the third wave of COVID-19 infections fades as a serious health threat.

“Economic developments have been broadly in line with the outlook,” the central bank said in its new policy statement. “With vaccinations proceeding at a faster pace, and provincial containment restrictions on an easing path over the summer, the Canadian economy is expected to rebound strongly, led by consumer spending.”

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Jon Nichols

Jon Nichols
Century 21 Advantage
Phone: 403.302.0800
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Denise Nichols

Denise Nichols
Century 21 Advantage
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Jez Nichols
Century 21 Advantage
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Asebree Rephotography Joel Nichols Century21 3

Joel Nichols
Century 21 Advantage
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