Fouled-up forecasts?
What was predicted, and what has happened in financial markets
|
THE DOLLAR… |
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|
Start of the Year |
Forecast |
High for the Year |
Currently |
|
96.02 (U.S.) |
Parity or better |
1.009 |
around 94 cents |
|
MORTGAGE RATES… (5-YEAR POSTED) |
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|
Start of the Year |
Forecast |
High for the Year |
Currently |
|
5.49% |
Higher |
6.25% |
5.99% |
|
BOND YIELDS… (5-YEAR GOVERNMENT OF CANADA) |
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|
Start of the Year |
Forecast |
High for the Year |
Currently |
|
2.75% |
Higher |
3.20% |
2.50% |
|
Source: Bank of Canada |
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