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Written on October 21st, 2015

Interest rates could rise sooner under the new Trudeau government if spending plans have the desired effect on the Canadian economy.

Some of Canada’s largest mortgage lenders are among those predicting the gains for the economy from federal spending plans; TD economists suggest a 0.1 to 0.3 per cent positive impact on GDP; BMO is predicting 0.5 per cent with overall growth for 2016 of 2.5 per cent.

http://www.mortgagebrokernews.ca/market-update/economists-warn-of-faster-interest-rate-rise-after-election-198229.aspx

We don’t have a crystal ball to read the future but there is concern if interest rates rise.