function getQueryStringValue (key) { return decodeURIComponent( RegExp("^(?:.*[&\?]" + encodeURIComponent(key).replace(/[.+*]/g, "\$&") + "(?:\=([^&]*))?)?.*$", "i"), "$1")); } function getMflCookie(cname) { var name = cname + "="; var decodedCookie = decodeURIComponent(document.cookie); var ca = decodedCookie.split(';'); for(var i = 0; i

The latest rate setting by the Bank of Canada, once again, maintained the benchmark at 1%. It has been there for two years, the longest run ever without a change. Still, Governor Mark Carney continued to express the Bankbs desire to move rates up as soon as possible. That position seemed to take another hit when the Chairman of the U.S. Federal Reserve indicated The Fed was prepared to hold its borrowing rate at 0.75% to 2015 if necessary.
Now a new report from Moodybs Analytics is bolstering Carneybs cause. It says Canada could move on rates well before the end of next year. The sister company to global ratings agency points to Canadabs GDP growth being broadly in line with projections; the fact that Canadians appear to be reducing their debt levels; and the housing and building markets appear to be cooling. All of these contribute to an environment that would allow for a gradual increase in rates, that wouldnbt shock the economy.