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Tag Archives: Fixed Mortgage

Variable Rate Update – Bank of Canada Announcement May 30th, 2018

Investments, Mortgages, Real Estate, SavingsBy Catherine EllisJune 1, 2018Leave a comment

The Bank of Canada met this week to determine whether to increase the Bank of Canada Overnight Lending Rate (which dictates the Prime Rate) or maintain it’s current overnight rate at 1.25% currently. This week The Bank of Canada maintained its target for the overnight rate at 1.25%, which the prime rate is currently set

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