Positive economic data from both sides of the border has forced government bond yields up. This will most definitely halt our falling mortgage rates, but will we begin to see an increase?
A brief explanation of why the Bank of Canada is still sticking to their promise of leaving the prime lending rate where it is until June 2010. Even though we are starting to hear more good news about the economy there are still some fundamentals that need improving before we can say we are out of the woods.
I was lucky enough to be able to attend a talk held by Benjamin Tal, CIBC’s head economist. As would be expected from an economist his talk was laced with statistics, bar graphs and acronyms. Unlike most economists he is actually quite interesting to listen. He was able to get the audience laughing at several [...]
| 6 Months | 4.60% | 3.85% |
| 1 Year | 3.65% | 2.49% |
| 2 Years | 3.95% | 2.95% |
| 3 Years | 5.04% | 3.40% |
| 4 Years | 5.14% | 3.69% |
| 5 Years | 5.39% | 3.69% |
| 7 Years | 6.30% | 4.95% |
| 10 Years | 6.50% | 5.20% |
| Variable | NA | 1.75% |
