Bank of Canada interest rate announcement
Queen’s University Urban and Regional Planning professor John Andrew is available to discuss the Bank of Canada’s Interest rate announcement that takes place on Tuesday morning.
Dr. Andrew, the director of Queen’s University’s Executive Seminars on Corporate & Investment Real Estate, can talk about the impact the announcement will have on Canada’s housing market.
“There is growing concern among Canadian consumers about rapidly rising housing prices, especially in select markets such as Vancouver. A Bank of Canada rate increase would be welcome, in that it would cool off overheated housing markets. However, in these times of on-going global economic crises, the federal government (like in most countries) has more pressing concerns than the cost of housing, as important as that is to Canadians. The Bank of Canada seems extremely reluctant to begin raising its rate,” says Dr. Andrew.
Please note Dr. Andrew is available for TV and phone interviews on Friday, but phone interviews only on Monday and Tuesday.
To arrange an interview, please contact communication officers Michael Onesi at 613.533.6000 ext. 77513 or email@example.com or Christina Archibald at 613-533-2877 or Christina.Archibald@queensu.ca at Queen’s University News and Media Services Department in Kingston, Ont., Canada.
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