CIBC Rate Forecasts
Some key forecasting
• Prime to rise to 5.50% in 2006 and then drop back down to 5.00% in 2007.
• 10 Year Gov't Bond yields to drop by 30 basisPOINTS by the end of December (P-1.50% for 1 year and the ability to lock in after the teaser period to forecasted lower rates in Dec). Bond Yields predicted to drop further in 2007.
• Cdn dollar to surpass 90 cent threshold and then, when B of Canada forecasted to lower rates in 07, Cdn dollar predicted to weaken to 83/84 cents at that time.
• Prime to rise to 5.50% in 2006 and then drop back down to 5.00% in 2007.
• 10 Year Gov't Bond yields to drop by 30 basisPOINTS by the end of December (P-1.50% for 1 year and the ability to lock in after the teaser period to forecasted lower rates in Dec). Bond Yields predicted to drop further in 2007.
• Cdn dollar to surpass 90 cent threshold and then, when B of Canada forecasted to lower rates in 07, Cdn dollar predicted to weaken to 83/84 cents at that time.
posted by Mortgageman at 8:09 AM
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