Monday Morning Interest Rate Update (January 21, 2013) – Why Chinese Growth is Good for Canadian Variable-rate Mortgage Holders

Guest Post by Dave Larock

Last week’s big news was that China clocked a Q4, 2012 GDP growth rate of 7.9%. This was significant because it reversed a seven-quarter decline in that country’s growth rate. (By comparison, China’s Q3, 2012 GDP growth rate was 7.4%.)

From a Canadian variable-rate mortgage perspective, it can be argued that strong GDP growth in China combined with continued weak GDP growth in the U.S. might just be today’s ideal scenario. Here’s why:

Read more including Dave’s bottom line on his website .

David Larock is an independent full-time mortgage planner and industry insider. Visit his blog for many more interesting articles and some great mortgage advice. 


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This entry was posted by Marg on Monday, January 21st, 2013 at 12:42 pm and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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