Bank of Canada Keeps Overnight Rate Locked

EditorFamilyLending.ca, General Interest, Housing Costs, Mortgage News, Mortgage Term, Mortgage Types, Residential Mortgages

The Bank of Canada announced that it would maintain its overnight rate of 1 percent this morning, thanks to disproportionate growth in the Canadian economy. According to the official release from the Bank, economic growth in Canada was slightly slower than expected in the first quarter of 2012. Even so, the underlying economic momentum appears largely consistent with projected expectations. … Read More