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        <title>Calgary Real Estate Blog</title>
        <link>http://www.joesamson.com/blog/interest-rates/</link>
        <description>Get the latest scoop on Calgary real estate happenings and market info. This is a great place to ask questions or offer your comments to other home buyers and sellers.</description>
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            <guid>http://www.joesamson.com/blog/variable-interest-rates-to-remain-low-bank-of-canada-holds-key-rate-at-1.html</guid>
            <link>http://www.joesamson.com/blog/variable-interest-rates-to-remain-low-bank-of-canada-holds-key-rate-at-1.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Variable Interest Rates to Remain Low! -  Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1% for the twelfth consecutive meeting. Banks therefore are expected to keep their prime rates at 3%. This was no surprise but there was some indications that future increases will happen sooner than later if things continue to improve in the economy.&nbsp;Here is the rational, Global economic growth has improved since the bank's last monetary report and Europe is expected to emerge slowly from recession in the second half of 2012. Although ther... ]]> </description>
            <pubDate>Tue, 17 Apr 2012 21:46:34 -0500</pubDate>
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            <guid>http://www.joesamson.com/blog/more-cheap-money-bank-of-canada-holds-key-rate-at-1.html</guid>
            <link>http://www.joesamson.com/blog/more-cheap-money-bank-of-canada-holds-key-rate-at-1.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>More Cheap Money -  Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada&nbsp;holds their key lending rate&nbsp;at&nbsp;1% for the&nbsp;eleventh consecutive meeting.&nbsp;Banks therefore are expected to&nbsp;keep their prime rates&nbsp;at 3%.The Bank of Canada announced:&nbsp;&nbsp; &nbsp;&bull;&nbsp;&nbsp; &nbsp;The global economy has deteriorated and uncertainty has increased. The recession in&nbsp;Europe is now expected to&nbsp;be deeper and longer than expected.&nbsp;&nbsp; &nbsp;&bull;&nbsp;&nbsp; &nbsp;Very favourable financing conditions are... ]]> </description>
            <pubDate>Wed, 18 Jan 2012 09:55:43 -0600</pubDate>
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        <item>
            <guid>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-14.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-14.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title> Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1% for the tenth consecutive meeting. Banks therefore are expected to keep their prime rates at 3%.Uncertainty around the global economic outlook has increased. The recession in Europe is worse than they anticipated.&nbsp;US growth was slightly more robust than anticipated however the European crisis is expected to weigh on US growth.&nbsp;Canadian dollar is still strong and the weaker external outlook is expected to dampen GDP growth in Canada.... ]]> </description>
            <pubDate>Wed, 07 Dec 2011 14:54:25 -0600</pubDate>
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        <item>
            <guid>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-13.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-13.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1% for the eighth consecutive meeting. Banks therefore are expected to keep their prime rates at 3%.&nbsp;The global economic outlook has deteriorated in recent weeks as several downside risks to the projection in the Banks July Monetary Policy Report (MPR) have been realized. The European sovereign debt crisis has intensified, a broad range of data has signalled slower global growth, and financial market volatility has increased sharply. Recent... ]]> </description>
            <pubDate>Wed, 07 Sep 2011 12:01:51 -0500</pubDate>
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        <item>
            <guid>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-12.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-12.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1%. Banks therefore are expected to keep their prime rates at 3%. The Bank of Canada's key points:&nbsp;&quot;Global economic recovery is proceesing at a somewhat faster pace than anticipated&quot;.&quot;Stretched household balance sheets are expected to restrain the pace of consumption growth and residential investment.&quot;&quot;With a little more excesss supply in the near term, that Bank continues to expect that the economy will return to f... ]]> </description>
            <pubDate>Wed, 19 Jan 2011 09:59:50 -0600</pubDate>
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            <guid>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-11.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-11.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title> Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1%. Banks therefore are expected to keep their prime rates at 3%.The Bank of Canada said the global recovery is unfolding as expected but there has been an increase in risk due to the sovereign debts concerns in several countries that could trigger renewed strains in global financial markets.&quot;Canada's recovery is proceeding at a moderate pace. In the third quarter, household spending was stronger than the Bank had anticipated and growth in ... ]]> </description>
            <pubDate>Tue, 07 Dec 2010 10:57:21 -0600</pubDate>
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            <guid>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-1.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-1.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1%. Banks therefore are expected to keep their prime rates at 3%. The Bank of Canada said that interest rate hikes are on hold until at least the spring and maybe as long as late 2011. The reasoning behind their decision is the weaker than projected recovery in the US, a slower than expected recovery globally and domestic considerations are expected to slow consumption and housing activities in Canada. The inflation in Canada has been slightly b... ]]> </description>
            <pubDate>Tue, 19 Oct 2010 13:41:28 -0500</pubDate>
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        <item>
            <guid>http://www.joesamson.com/blog/bank-of-canada-increases-rate1.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-increases-rate1.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Bank of Canada increases rate</title>
            <description> <![CDATA[ The Bank of Canada increased their key lending rate by 0.25% to 1%. Banks therefore are expected to raise their prime rates to 3%. &nbsp;The Bank of Canada said consumption growth is expected to remain solid and business investment to rise strongly. &nbsp;The Bank now expects the economic recovery in Canada to be slightly more gradual than it had projected. &quot;Financial conditions in Canada have tightened modestly but remain exceptionally stimulated.&quot;... ]]> </description>
            <pubDate>Wed, 08 Sep 2010 13:46:48 -0500</pubDate>
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            <guid>http://www.joesamson.com/blog/bank-of-canada-increases-rate.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-increases-rate.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Bank of Canada Increases Rate</title>
            <description> <![CDATA[ 
The Bank of Canada increased their key lending rate by 0.25 percent to 0.75 percent. Banks therefore are expected to raise their prime rates to 2.75%. The Bank of Canada has emphasized in this announcement that global recovery is happening, but it is shaky and needs time to take hold. In Canada, domestic demand by consumers is high and jobs are on the rise but business and investment earnings have been slow to recover. 

The Bank of Canada is now expecting a slower than projected recovery in Ca... ]]> </description>
            <pubDate>Tue, 20 Jul 2010 13:09:46 -0500</pubDate>
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        <item>
            <guid>http://www.joesamson.com/blog/canadians-struggle-with-housing-costs.html</guid>
            <link>http://www.joesamson.com/blog/canadians-struggle-with-housing-costs.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Canadians Struggle With Housing Costs</title>
            <description> <![CDATA[ Mortgage rates are climbing for Canadian home owners but experts say that we are very unlikely to have a foreclosure wave like the one that has been taking place in the United States.Previous mortgage levels were low enough that many Canadians bought into a housing market that they can barely afford now; increased rates have resulted in many home owners paying more than 40% of their monthly income into keeping a roof over their heads, reducing the amount of money that they can spend on savings, ... ]]> </description>
            <pubDate>Wed, 02 Jun 2010 16:21:58 -0500</pubDate>
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