Bank of Canada increases benchmark rate

Bank of Canada increases benchmark rate

by | Jul 11, 2018 | Announcements, BC, Blog, Economy, Finance, Homeownership, Interest Rate, Mortgage, Mortgage Broker, Mortgage Changes, Payments, PG Mortgage Broker, prince george |

As many economists expected, the Bank of Canada announced today that it is increasing the overnight rate .25 per cent, the fourth increase since last summer, given strong economic improvements. The economy and job market are performing well, housing is beginning to...