Mortgage News
Interest rate remains unchanged
<br><br>OTTAWA — Canadians are all but certain to enjoy historically low interest rates for at least another four months after the Bank of Canada passed up on its opportunity to signal a policy change Tuesday.<br><br> The central bank acknowledged Tuesday during its scheduled policy rate announcement that the economy is improving — better than even it had projected — but asserted it still needs the help of low interest rates to spur activity.<br>
Published
OTTAWA — Canadians are all but certain to enjoy historically low interest rates for at least another four months after the Bank of Canada passed up on its opportunity to signal a policy change Tuesday.
The central bank acknowledged Tuesday during its scheduled policy rate announcement that the economy is improving — better than even it had projected — but asserted it still needs the help of low interest rates to spur activity.