Rates are still flat…..and will probably remain that way.

A lot has happened this last week.  How about a catastrophe in Japan, the world’s third largest economy?   It hasn’t affected our rates here in Canada though.  In fact, if anything due to reduced oil prices it’s diminished the probability that the Bank of Canada will raise rates so as not to quash a fragile Canadian economy. So how does that help you? It keeps rates low.