Written by 12:09 AM General • 2 Comments Views: 6

BoC To Leave Rates Alone?

BofC Variable rate holders may be able to rest easy for another 6 weeks.  The Ottawa Sun says, “The Bank of Canada…will almost certainly pass on another opportunity to raise interest rates [on Tuesday].”

After today, the BoC’s next scheduled interest rate announcement is December 4, 2007.  Most “experts” predict rates will not go up at this meeting either.  Canada’s economy is still strong, however, despite huge manufacturing job losses and an untamed loonie.

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Last modified: April 25, 2014

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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