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Bank of Canada Leaves Interest Rate Unchanged
Good news for mortgages as the Bank of Canada sees no hurry to raise intrest rates
As expected the Bank Of Canada left the interest rate unchanged at 0.25%, and reiterated its conditional pledge to keep it at that historically low level until the end of the second quarter in an effort to reach its 2% inflation target.
The news included several references to expected growth, targets, forecasts etc.
Simply put though it means that for anyone looking at buying a house or refinancing there are still historically low rates available.
