The Bank of Canada met on Wednesday and decided to hold the overnight lending rate – at 4.5% Why was this decision made: o Inflation in many countries is easing in the face of: o Lower energy prices o Normalizing supply chains o Tighter monetary policy o On the other side: o Labour markets remain tight.
The Bank of Canada met on Wednesday and held the overnight rate at 4.50% and is continuing its quantitative tightening. What does this mean? If you have a variable or adjustable rate or HELOC product – there is no change to your rate currently. If you have a fixed rate mortgage – your payments will