Bank of Canada Signals Interest Rates Are Likely Going Up-BMO Offers Top 5 Tips to Borrow Smartly
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 07/22/11 -- While holding the line on interest rates earlier this week, the Bank of Canada has signalled that rates could begin to climb later this year.
According to BMO Economics, interest rates are likely to increase in October and again in December, before pausing next summer. This will leave the Bank of Canada's benchmark rate at 2.5 per cent by the end of 2012, meaning Canadians would benefit from looking for ways to reduce debt before rates go up. The latest numbers show consumers have started to do that, with Canadians' debt growth slowing.
Ahead of the possible increases, BMO Bank of Montreal issued the top five ways to reduce debt:
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Datum: 22.07.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 37052
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TORONTO, ONTARIO
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Commercial & Investment Banking
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