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The Bank of Canada took a cautionary approach to the overnight rate.
NO CHANGE at this time, comments and language from the Governor of the Bank of Canada is a bit more cautious, they are watching the overall economy, Canadian Dollar, Oil prices (recent actions taken by the Alberta Government), Global Trade, etc. Expectations for 2019 are at least 2-3 prime rate increases, however I will continue to monitor all the above and send more details as they become available.
Here are some comments from the Bank of Canada and a link to article in the Financial Post.
Still, the Bank of Canada is more cautious than it was a few weeks ago. It concluded its statement by saying the pace of interest-rate increases will be determined by a “number of factors,” including the effect of higher borrowing costs on spending, the trade wars, the “persistence” of the oil-price shock, and the central bank’s “assessment of the economy’s capacity.”
That’s a longer list than last time.
Fawn Bluff,Bute Inlet
2606 – 2610 Marine Crescent,Vancouver West
1098 Wolfe Avenue,Vancouver West
5476 Angus Drive,Vancouver West
4176 Crown Crescent,Vancouver West
6335 Elm Street,Vancouver West
1075 Douglas Crescent,Vancouver West
3690 East Boulevard,Vancouver West
4335 Rockridge Road,West Vancouver
9911 Bates Road,Richmond
611 Shaw Avenue,Coquitlam
481 West 17th Avenue,Vancouver West
3696 West 2nd Avenue,Vancouver West
4245 St. Georges Avenue,North Vancouver
4114 West 12th Avenue,Vancouver West
621 Shaw Avenue,Coquitlam
15180 Columbia Avenue,South Surrey White Rock
2025 West 14th Avenue,Vancouver West
601 Shaw Avenue,Coquitlam
605 Shaw Avenue,Coquitlam
615 Shaw Avenue,Coquitlam
2873 East 42nd Avenue,Vancouver East
32 West 14th Avenue,Vancouver West
2832 153A Street,South Surrey White Rock
656 Porter Street,Coquitlam
1294 Lansdowne Drive,Coquitlam
140-15230 Guildford Drive,Surrey
113 – 9299 Tomicki Avenue,Richmond
205 – 9388 Tomicki Avenue,Richmond
102-2130 West 12th Avenue,Vancouver West
205-930 West 16th Avenue,Vancouver West
851-855 Terminal Avenue,Vancouver East
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