11-year low for loonie prompts calls for interest rate cut

Analysts were talking about an increased chance of an interest rate cut Monday following the Canadian dollar’s decline to its lowest value against the greenback in 11 years.

Concern about the global economy and the dollar’s weakness has led to speculation as to whether the two interest rate cuts so far this year will do enough to boost exports or if another cut to 0.25 per cent will be necessary.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Wrentham, Greenfield Park, Macoun, Wellington, Plattsville

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?