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Mortgage Broker News | 20 Oct 2010, 09:43 AM Agree 0
The Bank of Canada maintained its benchmark interest rate at 1 per cent on Tuesday October 19 after three consecutive increases.
  • CanadianMortgageAdvisor | 21 Oct 2010, 07:02 AM Agree 0
    I knew one weather channel which used to broadcast the current weather and name it "forecast". So they kept changing their forecast every hour. What BOC does is almost the same. They follow inflation - which is a butterfly effect by itself. It is not a prudent approach to try to predict their next move. One can not find a standard deviation of their sample. All the numbers are outliers.
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