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Tag Archives: bank of canada
The Bank of Canada announced today, that the timing of the next increase in interest rates is “less imminent than previously anticipated”, which surprised most analysts.
The Bank Of Canada left its policy rate, and prime rate remains unchanged, at 3% as it has been for the past 25 months.
The Bank of Canada maintains overnight rate at 1%, inflation is at 1.2%, ergo, interest rates should remain low for the foreseeable future. Several analysts view the odds of an increase in borrowing costs in the near future is zero. … Continue reading
In another mandate by the OFSI federally regulated lenders will eliminate Cashback Down Payments. Lenders, such as credit unions, who are provincially, not federally, regulated may still approve these mortgages. However, CMHC spokesperson Charles Sauriol stated “CMHC supports the implementation … Continue reading
The Bank of Canada keeps interest rates at 1% which has remained the same for 2 years, marking the longest period of unchanged rates since the 1950s.
Bank of Canada keeps interest rates on hold. The Bank of Canada kept its overnight rate target at 1 per cent on July 17th, 2012. Borrowing costs have been unchanged at this level since September 2010.
Now that the new mortgage rules from the OSFI have taken effect, there are Opportunities for Some Credit Unions.
Bank of Canada holds interest rates for the 14th consecutive meeting. The next scheduled rate announcement will be on July 17th, 2102.
The Bank of Canada has left their overnight lending rate unchanged at 1%. This is where it has stood since September 2010.
Bank of Canada holds rates at 1%. Great news for those with variable rate mortgages!