Harry Morgan - Realtor

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

The evolving conflict in the Middle East is causing heightened volatility and US trade policy continues to reshape global trade patterns. Both are ongoing sources of uncertainty. The Bank’s April outlook assumes tariffs remain unchanged and the global benchmark price of oil declines to US$75 per barrel by mid 2027.

The Iran war has led to sharply higher energy prices and transportation disruptions, diminishing growth prospects in oil-importing countries and boosting inflation worldwide. In the United States, growth is still expected to be solid over the projection horizon, boosted by AI-related investment and consumption growth. China’s economy is being supported by robust exports. In the euro area, higher prices for oil and natural gas will weigh on economic activity.

Financial conditions have been volatile, reflecting daily developments in the Middle East and shifting market expectations for inflation and interest rates. Bond yields are modestly higher since January while equity markets, which weakened sharply at the outset of the war, have recovered. Since the start of the war, the US dollar has appreciated against most major currencies. The Canada-US exchange rate has been relatively stable.

Overall, the global economy is expected to grow by about 3% in 2026, 2027 and 2028. Projections for inflation over the next year are revised up because of the jump in energy prices.

For the full report please see link below:
https://www.bankofcanada.ca/?utm_source=alert&utm_medium=email&utm_campaign=FADMPR260429

🔥 PRICE REDUCED 🔥

Welcome to this bright and spacious END UNIT townhome in Evanston, offering nearly 1,500 SQ FT of modern living space ✨

This 3 bedroom, 2.5 bathroom home features a functional open concept layout designed for everyday living and entertaining

✔️ Quartz countertops & stainless steel appliances
✔️ Luxury plank flooring on the main level
✔️ Sunny deck just off the living room ☀️
✔️ Spacious primary suite with full ensuite
✔️ Tandem attached garage plus driveway parking for 3 vehicles 🚗

Enjoy the convenience of being just steps from parks, schools, shopping, and public transit in one of NW Calgary’s most family friendly communities

📍 Evanston, Calgary
💰 NOW $455,000
🛏 3 Bed 🛁 2.5 Bath 📐 1,495 SQ FT

Great value, great location, and move in ready this is one you do not want to miss

📩 DM or TEXT 403.966.4663 for details or to book your private showing