As you will of noticed, I have started to use social media on a consistent basis. The articles that are being posted have the agenda of keeping us updated on Alberta, Canada and World economic issues. I appreciate some of you may be focused on a more local level, but it always help to understand the big picture.
In reviewing the articles posted in December, if you take away just a couple of points may I suggest:
- even the experts do not agree on the future of interest rates and the economy of Canada
- you may expect to see our economy and therefore interest rates lag what is happening in the USA by one to two years
- NAFTA negotiations will be very important for Canada
- maybe the best data available is that Canada's yield curve is nearing inversion for the first time in a decade. Curve inversion, when long term yields dip below short-term ones, has served as a harbinger of economic recession. When Canada's curve last inverted in 2007, the economy pushed into a recession and prompted the Bank of Canada to SLASH interest rates.
We will continue to follow the economic climate and factors affecting our future very closely and will continue to update on a consistent basis. Please feel free to share these updates with peers, family and friends who you feel will benefit from the information.
As always, I'm just a phone call - Office 780-675-5821, text - 780-213-2799 or email - kevin@mortgagegrp.com away from answering any specific questions you may have.
Thank you.
#AthabascaMortgageBroker #BoyleMortgageBroker#LaclaBicheMortgageBroker