February 14th, 2007 by Marty
One thing that might impact the U.S. Fed and The Bank of Canada’s hold on interest rates may be a cold pressure system swooping down from Northern Canada. Increased energy consumption and rising energy costs may affect inflationary pressures enough to release their grip and have an impact on rates…but not yet.
What some have coined as “petro-currency” has dropped 7% since May of last year and doesn’t look to be rebounding any time soon. The Canadian dollar is performing as weekly as our underperforming economy when compared to our U.S. cousins south of the border…and they are performing at an 11-year low.
U.S. inflation is holding comfortably at 2.1 from the last quarter of 2.2, so bundle up for a fridged few weeks!
Personal Choice Mortgage
Ph. (905) 897-9555
Fax. (905) 897-9610
Let me work with you to take the chill out of dealing with some of your high ratio customers. With newer options and products we can work together and build your
business while providing your customers the opportunity to build equity in a home of their own!