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Mortgage Broker News | 27 May 2015, 09:20 AM Agree 0
Although it wasn’t quite unanimous, brokers have come to a consensus about what move the Bank of Canada will make later today.
  • Faye Drope | 27 May 2015, 12:56 PM Agree 0
    September it will go down.
  • Murray | 27 May 2015, 01:00 PM Agree 0
    why are the banks not required to follow the BoC rate drop? twice since 2008 they have refused to follow BoC rate drops. we should still have Bank Lending rates at BoC prime plus 1.5%. i dont see why the Feds can't enforce this a regulation.
  • Michele Hall | 27 May 2015, 02:19 PM Agree 0
    did anyone hear that the states may raise their rate ? this could affect BoC decisions going forward.
  • Darr Robbins | 04 Jun 2015, 07:49 AM Agree 0
    @Murray
    There's not enough banks in Canada. No Competition! Bank concentration measured on a Herfindahl index in Canada is off-the-scale. About the Herfindahl index :
    https://en.wikipedia.org/wiki/Herfindahl_index

    @Michele Hall
    The undisputed fact is that US economy is 70% consumer related.
    With high unemployment, off-shoring manufactures, no assets and high debt, where will US consumers find the cash to spend their way out of their recession?
    The FED will never raise rates that will crash the US capital markets.
    Poloz at the BOC knows this and will drop rates in Canada as well to prevent the Cando from rising against the US dollar.
  • Ron Butler | 04 Jun 2015, 01:05 PM Agree 0
    I guess Faye must have a 2 or 3 million dollar hedge position on the rate drop in September because if I were as certain as her that's what I would do.
  • Darr Robbins | 05 Nov 2015, 10:08 AM Agree 0
    Hedging against a rate drop was not a wise decision. Central bankers have no other tool. They have painted themselves in a corner. Rates will go negative before this cycle is over.
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