25 October 2011
25 October 2011
The Bank of Canada leaves its key rate unchanged
| Today the Bank of Canada left its key lending rate unchanged. It means it stays at 1.00% for about a year already. Such a decision didn’t come as a surprise, as many economists expected no rate hikes this time. As a result, the prime rate, which affects variable mortgage rates, should remain at 3.00%. Read more |