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
No Change in Bank of Canada Rate - March 10, 2021
Dated: March 10 2021
Views: 4
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
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....
Latest Blog Posts
The Bank of Canada announced today that it is keeping the overnight rate steady at 0.25%. It is expected the Bank will keep this target unchanged until well into 2023 to aid our economic recovery.
The Canadian Mortgage and Housing Corporation (CMHC) has implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgage insurance.
The Bank of Canada ("BOC") announced today that it is holding its target for the overnight rate at the "effective lower bound" of 0.25%. Cameron Strong, CEO, Invis Mortgage Intelligence notes