Where Interest Rates In Canada Are Going?

The answer is looking to the US. More specially the relationship between our dollar and the US dollar. As our dollar remains close to parity with the US dollar look for the government to keep rates on hold. Benjamin Tal, CIBC economist has written a great quick brief on this. We have seen rates go down to low levels in the past couple of weeks to 3.69% on 5 year fixed rates and 1.95% currently on variable.