Big banks have been slicing 10 basis points off their fixed rates, while the BoC keeps the central rate at status quo. Is is a good time to jump into the housing market?
This week, the Bank of Canada announced no change for its Overnight Lending Rate, the central interest rates that set the benchmark for the cost of borrowing in Canada. Governor Stephen Poloz followed the announcement with a few statements on our economy’s biggest risk factors. Read on for his main takeaways.