By Gina Burgio
(VERICO Designer Mortgages Inc.)
Bank of Canada has hinted that they may cut interest rates again. Early today in Toronto, Bank of Canada Senior Deputy Governor Paul Jenkins stated, "Some further monetary stimulus will likely be required to achieve our 2 percent inflation target over the medium term." The Cdn Central Bank cut its benchmark overnight lending rate to 2.25 percent on Oct. 21. Some economists expect that the Bank of Canada will cut their overnight rate a half point to 1.75 percent on Dec. 9. This would be the lowest since 1960. Click Here to Subscribe to My Blog. Gina Burgio, Mortgage Agent VERICO Designer Mortgages Inc. Toll Free: 1-877-345-6265 Fax: 1-877-345-6256 Email: firstname.lastname@example.org Each VERICO Broker is an independent owner operator.