Bank of Canada Hints at No Interest Rate Hikes Until 2023

Author: External Author | | Categories: Bad Credit Mortgage , Best Mortgage Rates , Commercial Mortgage , Mortgage after Bankruptcy , Mortgage Broker , Mortgage Calculator , Mortgage Renewal , Mortgage Services , Private Mortgage , Refinance Mortgage , Second Mortgage

Prospective homebuyers were reassured today that interest rates will remain near historic lows “for a long time,” according to Bank of Canada Governor Tiff Macklem.

The BoC chief made the comments during a conference call following the Bank’s interest rate meeting, where it left the overnight lending rate unchanged at 0.25%, at its “effective lower bound.”

Read More

Original Article Source Credits: CANADIAN MORTGAGE TRENDS ,

Article Written By : Steve Huebl

Original Article Posted on : July 16, 2020

Link to Original Article: