Bank of Canada announces interest rate decision

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Mortgage Agents in High River

The Bank of Canada (BoC) announced today that it’s maintaining the overnight rate at 1.75%.The Bank Rate is correspondingly 2% and the deposit rate is 1.5%. The BoC has maintained the current overnight rate October of 2018, when it was raised from 1.5%.

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Original Article Source Credits: mortgage broker news, https://www.mortgagebrokernews.ca/

Article Written By Kimberly Greene

Original Article Posted on : 22 Jan 2020

Link to Original Article: https://www.mortgagebrokernews.ca/news/bank-of-canada-announces-interest-rate-decision-325297.aspx

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