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Market Commentary

Commercial Market Update
April 5, 2012 @ 12:27 PM by: Administrator
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Commercial Bond Yields

 

Canada Mortgage Bond

Canada Housing 06/15/17*: 2.05%

Canada Housing 03/15/22: 2.74%

* denotes interpolated rate

 

 

Select Government of Canada Bonds

CAN 4.00 06/01/17: 1.68%

CAN 3.25 06/01/22: 2.27%

GOC Bonds are for reference purposes only

 

 

First National Floating

Insured Cost of Funds

1.15%

 

Bank Prime Rate

3.00%

 

Posted Rate

1 Year: 3.20%

2 Year: 3.55%

3 Year: 3.95%

4 Year: 4.64%

5 Year: 5.24%

 

Market Commentary

Canadian inflation clocked in at a higher than expected 2.6% for January, led by food and fuel. It’s the second monthly increase in a row. The price of gasoline is up 2.6% from January and nearly 9% from a year ago. Even with the volatile elements of food and energy removed, core inflation stepped-up two notches to 2.3%.

In the U.S., new home sales in February fell for the third straight month. Prices, though, climbed to their highest level in 8 months. February sales dropped a seasonally adjusted 1.6% last month to 313,000 homes. The median price now stands at $233,700. The numbers suggest builders are anticipating higher demand in the coming months.

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