Gina Burgio, Mortgage Agent

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Bank of Canada expected to Lower Interest Rates

Bank of Canada has hinted that they may cut interest rates again.

Early today in Toronto, Bank of Canada Senior Deputy Governor Paul Jenkins stated, "Some further monetary stimulus will likely be required to achieve our 2 percent inflation target over the medium term."

The Cdn Central Bank cut its benchmark overnight lending rate to 2.25 percent on Oct. 21.

Some economists expect that the Bank of Canada will cut their overnight rate a half point to 1.75 percent on Dec. 9. This would be the lowest since 1960.

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Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com
www.ginaburgio.com

Each VERICO Broker is an independent owner operator.

Gina Burgio's Facebook profile

Gina Burgio

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com

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Each VERICO Broker is an independent owner operator.

Comment balloon 5 commentsGina Burgio • November 13 2008 12:31AM

Comments

Gina:  Lowering interest rates is a good thing.  So... question:  When are they going to start handing out free samples ?

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) almost 10 years ago

Aloha Gina,

I heard that Europe is doing the same.  I heard this will help the American dollar.

Steve

Posted by Steven Nickens, R(S)GRI ABR, Maui Real Estate Hawaii (Elite Pacific Properties Maui) almost 10 years ago

This is a good thing.  We need a worldwide effort for stimulus to stem off the potential for a depression.

Posted by Michael A. Caruso (Surterre Properties) almost 10 years ago

Gina,  Looks like the Bank of England is going one better.  They're considering lowering interest rates to zero.

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Coldwell Banker Residential Brokerage) almost 10 years ago

    We invite you back to ActiveRain in 2018!

Much has changed since you last posted to ActiveRain.  I encourage you to take another look at the website.  

  Best to you!  

Posted by Fred Griffin, Licensed Florida Real Estate Broker (Fred Griffin Real Estate) 8 months ago

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