No Change in Bank of Canada Rate - March 10, 2021

Dated: March 10 2021

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The Bank of Canada announced today that it is maintaining the benchmark rate, noting that our recovery is better than anticipated but that economic slack and uncertainty remain, particularly given the rise of more transmissible variants of COVID-19. The Bank has determined that the recovery continues to require extraordinary monetary policy support, and they will continue with quantitative easy until the recovery is well underway. The Bank did not comment on when they believe the economy will have recovered enough to raise rates. 

The next rate-setting day is April 21st, 2021.

Source:  Invis Financial

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Diane Birk

I believe that each client and each real estate transaction are unique, and deserve my full attention and experience. I do not work with a team of assistants, as I feel you deserve to work with the re....

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