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Bank of Canada's key interest rate remains unchanged at 0.50%

Breaking News

 

The Bank of Canada's key interest rate remains unchanged at 0.50%.  For those of you with variable rate mortgages and/or lines of credits, your payments will remain unchanged.


The Bank of Canada reports that the economy is in a slow growth period and will be for some time. However, it does predict increased activity in many sectors as the US economy strengthens.  


Core inflation remains close to 2%, in keeping with the BoC’s target range. 

The current rate is expected to stay where it is well into 2017. 

In the meantime...

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