Blog

What Impact Will Trump Being Elected Have on Interest Rates?

According to a news report from MortgageBrokerNews.ca interest rates in Canada could make a move but it might not be the move that you would think. 
 
See the full article below for details:
 
"Analysts have revised their expectation for an interest rate cut following the result of the US presidential election."

Experts were talking of early 2018 for any change in the Bank of Canada rate but now believe that a cut could be required sooner if exports are affected by new White House policies according to a Reuters poll.

The Conference Board of Canada addressed the issue of the North American Free Trade Agreement, which President Trump has previously promised Americans he would renegotiated to get a better deal.

“Canada should be concerned about potential protectionist policies, but should not panic,” the Conference Board said, noting that it is not clear which comments made in the election campaign would translate into policy."
 
 
Tony Marchigiano310-328 West Hastings Street
Mortgage BrokerVancouver, BC
 

Newsletter

*indicates required fields.
Name:*
Email:*

Meet the team

  • Will Pratt
  • Justin Sabbagh
  • Mike Wilcox

Mortgage Calculator

Purchase Amount:
Down Payment:
Interest Rate:
%
Payment Interval:
Mortgage Term (Years)
Payment:
Total Payments:
Total Amount Paid:
Total Interest Paid:

Neighbourhoods

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.