by Josh | Jan 19, 2018 | Economic, Mortgage Rates
The Bank of Canada raised interest rates by a quarter-percentage-point at its January 17, 2018 meeting. This brought the benchmark rate to 1.25%, the first time it was over 1% since 2009. That was the third interest rate hike since the summer of 2017. The Bank of... by Josh | Jan 3, 2018 | Economic, Mortgage Blog, Mortgage Rates, News
In January, 2018, the Bank of Canada raised its lending rate to 1.25 percent from 1 percent, the highest level since 2009. The decision was based on an economy at near full capacity and recovery in inflation rates. This caused the Canadian dollar to sink, though it...
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