Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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A Bloomberg survey found that most economists expect BOC to stay at the sideline till 2012. The forecast for overnight lending rate stands at 1.75% by the end of 2012.

In a contrast to the popular believe of no rate reduction in future, the report also indicated that the six-month overnight index swap rate, was 0.9321% a day ago. This tells us that some traders are betting on future rate reductions by BOC.