No Comments

Bank of Canada raised interest rates 1/4%

Bank of CanadaFor the first time in seven years, the Bank of Canada announced that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year.

Read summary provided by a local mortgage broker, Mark Goode of Dominion Lending Centre.

 Michael J Preston, please email me questions or your comments.