Not everyone is on the same page when it comes to where mortgage rates in Canada are headed. Many observers expect the Bank of Canada will continue to increase the overnight rate, which influences the mortgage market. Capital Economics, a London-based economic research consultancy, is not one of them. “By […]
Monthly archives: December 2018
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The Bank of Canada left its trend-setting interest rate untouched Wednesday as fresh economic developments — including the sharp drop in oil prices — threatened to delay future hikes. The central bank’s decision Wednesday maintained its trend-setting rate at 1.75 per cent. It followed a quarter-point increase at the bank’s […]