A report from Capital Economics suggests that there will be more government intervention to support Canada’s economy. Economist David Madani says that jobs growth has stagnated in the ‘prime’ demographic which tends to earn more; that has a wider impact he notes. Cooling inflation is one of those impacts, which may require a further cut in interest rates from the Bank of Canada. Madani forecasts that the rate cut will be in April 2016.
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: