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Why all the talk around rising interest rates in Canada?

Author: External Author | | Categories: First Time Home Buyer , Home Purchase Mortgage , Mortgage Broker , Mortgage Renewal

Dominion Lending Centre’s chief economist Dr. Sherry Cooper says some economists may want to take into consideration one of the glaring weaknesses in Canada’s battle against COVID-19 before getting too ahead of themselves.

“One of the biggest reasons [the Bank of Canada] can’t raise rates this year is the vaccine rollout debacle,” Cooper said. “There is no way everyone who wants a vaccine will get one by September, as the Prime Minister has promised.”

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Original Article Source Credits:   Dominion Lending Centres ,

Article Written By:  Sherry Cooper

Original Article Posted on:  February 5, 2021

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