Bank of Canada keeps the bank rate at 1%
The Bank of Canada has kept its benchmark lending rate unchanged at 1% in its latest policy decision. This is the fourth time in succession that the Bank of Canada has decided to maintain the benchmark at its current level. While the Canadian economy has exceeded growth expectation in the last quarter, the US economy is still in a state of uncertainty particularly in the housing industry. The next interest policy decision will be held April 13th and it does appear very unlikely that the Bank of Canada will be able to maintain this current policy.
What does this all mean to you???
This means that Canadians will enjoy this low rate environment for a little while longer but not forever. This does provide opportunity to have a close look at your debt and mortgage situation and prepare yourself financially for higher rates. You do have more choices today in regards to managing your finances and taking great advantage of these lower rates. As quoted by the Bank of Canada governor Mark Carney “We have been warning Canadians to get their financial house in order as interest rates will rise at some point”
Call me today and let’s have a closer look at your financial situation and let me show you all the options that you can take advantage of today..
The Bank of Canada has kept its benchmark lending rate unchanged at 1% in its latest policy decision. This is the fourth time in succession that the Bank of Canada has decided to maintain the benchmark at its current level. While the Canadian economy has exceeded growth expectation in the last quarter, the US economy is still in a state of uncertainty particularly in the housing industry. The next interest policy decision will be held April 13th and it does appear very unlikely that the Bank of Canada will be able to maintain this current policy.
What does this all mean to you???
This means that Canadians will enjoy this low rate environment for a little while longer but not forever. This does provide opportunity to have a close look at your debt and mortgage situation and prepare yourself financially for higher rates. You do have more choices today in regards to managing your finances and taking great advantage of these lower rates. As quoted by the Bank of Canada governor Mark Carney “We have been warning Canadians to get their financial house in order as interest rates will rise at some point”
Call me today and let’s have a closer look at your financial situation and let me show you all the options that you can take advantage of today..
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