• banner_lThe Bank of Canada today kept the key lending rate at 0.25% as forecasted. However, more importantly it continues to maintain its conditional commitment that they will not raise rates until the second quarter of 2010. This is welcome news to everyone in variable rate mortgages or have outstanding amounts in their lines of credit.

    Next meeting for the Bank of Canada is December 8, 2009.

    Press Release

Leave a reply

Cancel reply