Monday, January 18, 2010
Bank Of Canada
The Bank of Canada is set to meet tomorrow to on the rate policy. Most everyone is predicating that we are going to remain stable on the rate fromnt till June. We are still seeing he dollar at a very high level ($0.97) and this level is not helping central Ontario manufacturing. We have also now seen the varible rate discouting come back to better pricing which now means that 1.95% is avaliable. The fixed rates have even slid back down to 3.79% fro a five year term. Now is one the best times to look at your mortgage strcuture to amke sure that it is the right plan.