BMO sees Canadian Rates rising above 4% as housing market bounces back
BMO sees Canadian Rates rising above 4% as housing market bounces back
According to the Bank of Montreal (BMO), The Bank of Canada (BOC) may need to push interest rates above 4% relatively because the housing market is showing just like a “flicker of life”. The Chief Economist Douglas Porter’s preliminary prediction came after Toronto home sales rebounded 11% in August from…