The Bank of Canada is set to embark on a series of interest rate hikes, starting in June, that will see its benchmark rate climb from its historic low of 0.25% to 3% in little over a year, Bank of Nova Scotia’s chief econWarren Jestin said the move away from short-term “emergency level” rates is necessary due to inflationary pressure that is expected to emerge from stronger-than-expected growth. By the end of next year, the central bank’s target rate should be 50 basis points higher than the comparable rate set by the powerful U.S. Federal Reserve, he said in his latest update to Scotiabank’s economic forecast.Read more: http://www.montrealgazette.com/business/fp/Scotiabank+sees+ra
tes+2011/2782853/story.html#ixzz0keMzJ6Msomist said Friday in his latest outlook.
it's a reality that the rates are comming up, now its the time to buy or sale.
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