CanadianMortgageTrends.com
July 23, 2009
Mortgage Advice From Mark Carney
Bank of Canada chief, Mark Carney, told reporters today that Canada’s economy should start growing again this quarter. (Video: BNN)
That surprised a lot of people, including bond traders who pushed up 5-year yields by 12 basis points to 2.65%.
Carney called the anticipated recovery “a long road” and said it may take until 2011 for overall inflation to run back up to 2%.
In one interesting exchange, a reporter asked: “If you were renewing your mortgage would you go fixed or variable?”
After a laugh or two, the governor provided some judicious and unexpected advice:
Click below to read the entire exchange.
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2009/07/mortgage-advice-from-mark-carney.html
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