In a surprise to no one, the Bank of Canada left their overnight rate unchanged today in their latest rate announcement. Overall, the tone of the news release is pretty much the same as the last few. For some, this may be boring and uneventful but sometimes that is a good thing like now. This means for all those that have variable rate mortgages or lines of credit it remains the status quo.
The next meeting is scheduled for March 2, 2010.