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Canada & Australia To Raise The Interest Rates

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Published: Wednesday, April 05, 2006 Article tools

TORONTO -- Royal Bank of Canada (RBC) said it has raised mortgage rates by up to a fifth of a point.
The bank said it is raising mortgage rates on terms ranging from six months to ten years.
Six-month convertible mortgages and one-year closed mortgages are rising by a tenth of a percentage point, to 6.15 per cent.
The rate on a four-year closed mortgage is rising by 0.2 of a percentage point, to 6.4 per cent.


Traders betting on rate hike


By Chris Young

SYDNEY - The Australian dollar surged to its highest in two weeks as futures traders bet the central bank will raise interest rates this year.
Traders said a report by Rory Robertson, an interest-rate strategist at Macquarie Bank, helped fuel speculation that the central bank, which kept borrowing costs unchanged for a 13th month at 5.5 per cent yesterday, will raise rates soon.
"The next rate hike could be as little as a month away," Robertson wrote on Tuesday.

Trolls and Bulls may call it spin but Bears call it news worthy of some comfort! :lol:

Edited by Realistbear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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