New Testimonial - We'll Use Graham AgainIt was our pleasure working with Graham Ogden of Re/Max and we would certainly recommend that you consider him for your real estate needs. We found Graham to be very knowledgeable and capable. We appreciated that he was easily accessible and kept us well informed all along the process of selling our property. We will be in contact with Graham when we next require the services of a realtor.
23-Jun-15 Dan M. 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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