Bank of Canada cuts benchmark mortgage rate for 3rd time in months

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House-hunting Canadians saw their buying power increase this week as the benchmark five-year mortgage rate reported by the Bank of Canada fell for the third time this year, easing a key stress test faced by borrowers.

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Original Article Source Credits: Global News , https://globalnews.ca/

Article Written By: Tara Deschamps 

Original Article Posted on: August 13, 2020

Link to Original Article:  https://globalnews.ca/news/7272563/bank-of-canada-cuts-benchmark-mortgage-rate/



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