06-12-2023, 06:27 PM
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#26506
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RS has made me the bitter person i am today!
Join Date: Mar 2011
Location: Vancouver
Posts: 4,873
Thanked 5,640 Times in 2,279 Posts
Failed 123 Times in 58 Posts
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https://globalnews.ca/news/9762180/c...spending-cibc/
Quote:
In the report released Monday from chief economist Avery Shenfeld and senior economist Andrew Grantham, CIBC forecasts another rate hike of a quarter percentage point from the Bank of Canada in July or September, which would bring the policy rate to 5.0 per cent.
Rate cuts, meanwhile, aren’t expected to come until June 2024, according to CIBC forecasts. The central bank policy rate is projected to fall to 3.5 per cent by the end of next year, CIBC predicts.
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Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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