TD Canada Trust raises mortgage rates

The bank said that effective Feb. 8, the interest rate on its five-year closed fixed rate mortgage would increases 25 basis points to 5.44%

Read more: http://www.nationalpost.com/news/canada/Canada+Trust+raises+mortgage+rates/4237864/story.html#ixzz1DOHbecu8

TD Canada Trust raises mortgage rates

Bank of Canada bumps up rate

Calgary Herald- The Bank of Canada raised its benchmark policy rate by 25 basis points to 0.75 per cent, even though it scaled back its growth outlook on the belief budget cutting among households and governments in advanced economies will "temper" the pace of the global recovery.

Many of Canada’s commercial banks followed suit by raising their prime lending rates.

The central bank acknowledged the economy is weaker than initially believed — but not feeble enough to call off yet another rate hike and likely more in the future.

Certainly, the interest-rate decision delivered yesterday teemed with caution. The central bank’s statement accompanying its decision highlighted how a "greater emphasis" on budget cutting among governments and households would slow the pace of the global recovery…

Bank of Canada bumps up rate

Bank of Canada poised to raise interest rates

The Globe and Mail- Mark Carney is likely to raise borrowing costs for the second straight time Tuesday, while continuing to sound a cautious tone as belt-tightening in Europe, efforts to restrain China’s growth, and plunging consumer confidence in the U.S. cast a pall over Canada’s prospects.

All 12 primary securities dealers and most economists say the central-bank governor will lift his main interest rate by another 25 basis points, to 0.75 per cent. The labour market has recouped most of the jobs lost during the recession and companies are seeing better demand, suggesting the private sector will be able to lead economic growth after federal and provincial stimulus largesse runs out later this year.

Investors are less confident about later decisions, and that may not change this week because Mr. Carney is likely to reiterate that his path to a more neutral, pre-crisis policy stance depends on the developing economic stories around the world…

Bank of Canada poised to raise interest rates – The Globe and Mail

Bank of Canada to raise interest rate in July: Survey

The Montreal Gazette-  The Bank of Canada will raise its key overnight interest rate next week, but the pace of subsequent hikes is less clear, according to Canadian primary dealers and global forecasters surveyed by Reuters.

The Reuters poll, released on Wednesday, showed a 73-per-cent median probability that the Bank of Canada will raise the overnight rate by 25 basis points, to 0.75 per cent from the current 0.50 per cent, at its next policy announcement date on July 20.

More than half of 42 forecasters surveyed say the central bank will not take every subsequent opportunity this year to raise rates by a quarter point, but will pause to gauge the pace of global economic recovery. Fears of a double-dip recession, Europe’s debt troubles and patchy U.S. economic data have weighed on markets in recent months…

Bank of Canada to raise interest rate in July: Survey

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