Darren Keck, AMP
About Darren: Mortgage Brokers Ottawa is a leader in offering competitive mortgage products coupled with exceptional service. This unbeatable combination of service and advice, together with my years of experience in the banking and financial services industry, ensures that you enjoy a comfortable mortgage experience handled by a seasoned Accredited Mortgage Professional.
As a Mortgage Agent, I work exclusively with mortgage customers....from the first time buyer to the seasoned homeowner. I have access to over 40 different ba ...
Bank of Canada keeps overnight interest rate at 1%
Date Posted: October 24, 2014
The Bank of Canada's latest statement echoed, was to emphasize excess capacity in the economy and the need for continued monetary policy stimulation. It's said that with inflation close to the bank's 2% target, the risk of a downward drift in inflation expectations has diminished.
Higher energy prices, fall of the Canadian dollar and sector-specific shocks such as costlier meat has resulted in higher inflation. The Bank of Canada demonstrated it's disappointment in economic growth and has thus pushed back, again, to mid-2016, it's expectations for when the economy would reach it's 2% target for core inflation.