grte to Canada · 9 months agoBank of Canada holds key interest rate at 5%, says things moving in right directionwww.cbc.caexternal-linkmessage-square5fedilinkarrow-up119arrow-down10
arrow-up119arrow-down1external-linkBank of Canada holds key interest rate at 5%, says things moving in right directionwww.cbc.cagrte to Canada · 9 months agomessage-square5fedilink
minus-squareSprawlie@lemmy.worldlinkfedilinkarrow-up2·9 months agoThere’s backer expectations of at least one drop in the second half of 2024 I’d you look at bank gic rates you’ll see an indication of what the bankers are predicting For example, short term 1 year or less, have better rates than 2-5 because of this sentiment That doesn’t mean it’s guaranteed, just the overall direction that is being expected However, of you have some cash, there OSS some quick 5% returns to earn on 8 month gics lately
There’s backer expectations of at least one drop in the second half of 2024
I’d you look at bank gic rates you’ll see an indication of what the bankers are predicting
For example, short term 1 year or less, have better rates than 2-5 because of this sentiment
That doesn’t mean it’s guaranteed, just the overall direction that is being expected
However, of you have some cash, there OSS some quick 5% returns to earn on 8 month gics lately