The Bank of Canada will announce its decision on interest rates Wednesday but while there is a strong expectation that there will be no change from the current 0.5 per cent, a growing number of analysts believe there will be at least one cut this year. Bloomberg’s poll of 19 economist found that 7 believe that interest rates will be lower by the end of 2016. One, Thomas Costerg of Standard Chartered expects rates to be cut in half to 0.25 per cent in July.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: