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Kevin Harris - Mortgage Consultant
Kevin Harris
Mortgage Consultant
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Interest Rate Forcast

Updated Tuesday, April 19, 2011
Views (22332)
INTEREST RATE HIKE LIKELY
 

Chances are good we’ll see an interest rate hike from the Bank of Canada this summer, based on the latest inflation figures.  Higher food and fuel prices pushed the inflation rate to 3.3 per cent last month,  up from 2.2 per cent in February - the biggest single-month increase since September 2008.  Analysts say it’s not a fluke, tt’s the start of a trend.


 


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