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Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of the Bank’s target […]

Bank of Canada Rate Update!!!

Bank of Canada maintains overnight rate.

Yet again, the Bank of Canada has opted to keep the target for the overnight rate steady at ½ percent-meaning variable rate mortgages won’t be moving any time soon.

The Bank attributed it’s move (or lack thereof) to weaker-than-expected global economic growth and uncertainty surrounding China’s transition to a […]

Bank of Canada Rate Update

Good news for variable clients and those with lines of credit.

Bank of Canada maintains overnight rate!

Despite global economic uncertainty fuelled by the situation in China, the Bank of Canada is opting to maintain it’s target for the overnight rate at 0.5% this month-although some economists believe another rate cut may still be in […]

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Finding the best rate is a FREE service to our clients! More lenders are competing for your business. That’s why more than two out of five Canadian mortgages are now handled by a Mortgage Brokers.

Just as an Insurance Broker finds you the best deal on insurance, a Mortgage Broker finds you the best deal […]