Slide 1

Free Professional Advice

Why choose Micah? Because I provide valuable professional advice and it’s FREE!

Why pay more than needed? Get my rate specials. Let me negotiate the best rate for you and save money.

Slide 2

Best Rates

Let me shop the major banks and top lenders for you.

Let me negotiate the best rate. Remember I work for you, not the banks.

Slide 3

Get Approved

My approval rating is high.

With my portfolio of lenders, I can find you a program that works for you.

Slide 3

Savings

Lower rates equals thousands in savings.

Why pay more than needed? Get my rate specials. Let me negotiate the best rate for you and save money.

Slide 3

Availability

When the banks are closed, I am not.

I work for you and I am at your service 7 days a week.

Blog by Micah Verceles

<< back to article list

Get used to rising interest rates

OTTAWA — Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and 3.5 per cent — is in fact "sufficiently uncertain" and could glide up or down.

Poloz's remarks Monday came with his central bank on a clear rate-hiking path. It's been signalling it will raise the benchmark from its current level of 1.75 per cent to what it calls its neutral policy rate of around three per cent, give or take.

Last week, the governor advised Canadians — many of whom are carrying high levels of debt — to get used to the idea of three per cent rates as the new normal. His warning followed the central bank's fifth interest rate hike in 15 months.

But Poloz noted Monday that there are also unknowns around this landing zone — and it could change.

"Everything in economics has a wider range around it than we realize, but still it's sufficiently uncertain and ... it's, in principle, movable," Poloz said in response to a reporter's question about the uncertainty around the estimated range following his speech to the Canada-U.K. Chamber of Commerce in London.

"Developments in the world economy could cause it to drift up or down because there are a lot of global ingredients to that, not just a purely Canadian phenomenon."

READ MORE