Bank Prime Rate – Variable Rate Mortgage, No change
Bank Of Canada Meeting – No Change Prime or Variable Rate Mortgages
Once again, the Bank of Canada announced it would keep the key interest rate at a record low to achieve its inflation target of two per cent. As such, Bank’s Prime rate will also likely remain unchanged from its current level of 2.25%. This [...]
Bank Prime Rate Unchanged – Variable Rate Mortgages
When the Bank of Canada met yesterday, December 8, 2009, they decided to leave the target for the overnight lending rate unchanged. This means that banks will most likely leave their prime rate also unchanged. Bank’s prime rate currently is 2.25%. This rate is projected to remain steady through to July 2010, after which increases [...]