NO Change in rates - Just more Sabre Rattling from the BOC
April 17, 2012 - The Bank of Canada chose not to raise rates today - which in itself is no surprise - but they continued to use rhetoric that warns Canadians to watch their spending habits or they may 'interevene'. In the meantime, housing prices in Toronto's downtown condo market continue to soar, while Vancouver's cools off - (Watch Studio 4 with Fanny Kiefer this Thursday on Shaw TV where Don Campbell and I will explore this topic in more depth). And lastly - look for no change to your Firstline Mortgage when a new buyer takes them over. There are currently no suitors for CIBC's wholesale mortgage arm, but we'll keep you posted if that changes.