BENGALURU (Reuters) - Canadian house prices will rise at a much slower pace this year than predicted only three months ago and will fall in 2021 as the coronavirus pandemic pushes up unemployment, curtailing immigration and the demand for homes, a Reuters poll showed. Lockdown restrictions to stop the spread of the virus, which has infected over 100,000 people in Canada, have disrupted supply chains in the resource-heavy economy. Despite aggressive interest rate cuts from the Bank of Canada...

By Mumal Rathore BENGALURU (Reuters) - The Bank of Canada will hold interest rates at 1.75% on Wednesday, according to most economists polled by Reuters, although a significant minority expects at least one rate cut by year-end. About 60% of respondents, 20 of 34, said the central bank would leave its benchmark overnight rate unchanged until the end of 2020, down slightly from about 70% when forecasters were last polled by Reuters a month ago. Those prospects have flipped back and forth in...

A revival in the Canadian economy may already be underway, according to a Reuters poll of economists, who were mostly confident a rate cut was not needed and so predicted monetary policy would remain unchanged this year. Nearly 70 per cent ― or 27 of 39 ― economists who provided a year-end outlook expected the central bank to keep its key interest rate on hold at 1.75 per cent this year, compared with just over half, or 16 of 31, in a poll taken before the previous meeting in early...

By Mumal Rathore BENGALURU (Reuters) - A revival in the Canadian economy may already be underway, according to a Reuters poll of economists, who were mostly confident a rate cut was not needed and so predicted monetary policy would remain unchanged this year. Nearly 70%, or 27 of 39, economists who provided a year-end outlook expected the central bank to keep its key interest rate on hold at 1.75% this year, compared with just over half, or 16 of 31, in a poll taken before the previous...

BENGALURU (Reuters) - Canada’s housing market has turned the corner and prices will increase modestly faster over the coming few years, a Reuters poll of economists and property market analysts predicted, but with no return to boom times any time soon. FILE PHOTO: A real estate for sale sign stands in front of a row of houses in East Gwillimbury, Ontario, Canada, January 30, 2018. Picture taken January 30, 2018. REUTERS/Mark Blinch After an eight-year period of rising house prices that...