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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, December 16, 2015

Bank of Canada to provide unconventional monetary policy

Speaking in Toronto last week, Bank of Canada governor Stephen Poloz provided details on the updated framework that will be utilized for unconventional measures, which remain unchanged from the previous version apart from the effective lower bound for interest in a worst-case scenario. The amount has now been set at -0.50 per cent, down from the previous 0.25 per cent.

Poloz also outlined the Bank of Canada’s projections, which expect steady growth of approximately 2.0 per cent that would end up closing the output gap on or around mid-2017. This estimated growth rate would remove the need for monetary easing.

Observers remained skeptical of this level of economic health for the next two years, warning that added slowdown in foreign demand or commodity prices will stifle further growth. However, Poloz provided reassurance to skeptics that the Bank of Canada has the necessary tools to help restore growth.

While the Bank of Canada has the plans in place, though, Poloz said that they are not seeing any immediate need to deploy these tools. He reiterated that the unconventional policy will only be used as necessary due to significant risks like aggravating financial imbalance and generating weakness.

MBN

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