top of page
Search
  • Demitry Omrin

NEGATIVE INTEREST RATES

When the impact of the pandemic began to take hold earlier this year, the incoming BOC governor Tiff Macklem first mentioned the notion of negative interest rates. Among other considerations, negative rates are intended to stimulate economic activity by engaging savers or "hoarders" of money to spend and invest. This concept of negative rates would infer that an economy is at such a low point that negative rates would be a last resort to force economic stimulus. However, if an economy is repeatedly shut down and a significant portion of the population is left with dwindling savings, the economic stimulus brought about by negative rates will have much less (if any) impact. I would like to see more emphasis on keeping our economy open. The recent rollback to phase 2 for Toronto and York Region excludes larger retail operations. If they can safely remain open under a protocol than the same can be said for small business owners. #recg #covid #commercialvaluations #negativeinterestrates


https://www.mortgagebrokernews.ca/news/negative-rates-will-do-more-harm-than-good--analysis-334186.aspx?utm_source=GA&utm_medium=20201015&utm_campaign=MBNW-Newsletter-20201015&utm_content=A5C77195-4973-4B66-A2D8-41128A2B9FC6&tu=A5C77195-4973-4B66-A2D8-41128A2B9FC6


1 view0 comments

Recent Posts

See All

An old address has been re-configured for the new era. 10 Dundas Street East in downtown Toronto has been completely overhauled. Everything from one of the largest digital billboards in the country to

Office workers at Google are apparently venturing back into the office despite the OMICRON variant. I see this as a sign that people are coming to terms with the fact that the answer to dealing with C

Employee's are now apparently including the flexibility to work remotely as a health benefit according to a recent survey. During the onset of the pandemic I felt that there was too much uncertainty o

bottom of page