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New Testimonial - Service When Needed the Most

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Graham provided us with professional and timely service when we needed it most.  His attention to detail made the selling experience much less stressful.  I would recommend Graham to anyone buying or selling property.

 

01-Jun-15

Dave G.

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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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