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New Testimonial - Helpful the Entire Time

Graham was super helpful the entire time! He went above and beyond and always helped us to see that even though it was tough that we were almost to our end goal! Thank you so much Graham! We will be telling people about you! :)

 

17-Apr-17

Candace B.

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Today’s Bank of Canada rate hold announcement marks almost four straight years that the key benchmark rate has remained unchanged, since September 8, 2010. Great news if you have a variable-rate mortgage or home equity line of credit; the prime rate stays at 3%.

 

The announcement noted that “the risks to the outlook for inflation remain roughly balanced, while the risks associated with household imbalances have not diminished.” With these considerations, the Bank is maintaining its monetary policy stimulus, and remains neutral with respect to the timing and direction of the next change.

 

The next rate-setting day is October 22nd.

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