Bank of Canada Maintains Key Interest Rate, Continues Quantitative Tightening Introduction The Bank of Canada announced today that it will be keeping the target overnight rate steady at 5%. The official discount rate remains at 5.25% and the deposit rate at 5%. Additionally, the Bank will continue its policy of quantitative tightening. Globally, the economy […]
Concerns Rise Among British Columbia Mortgage Holders as Interest Rates Increase Poll Reveals Widespread Worries According to a recent poll conducted by the Angus Reid Institute, mortgage holders in British Columbia (B.C.) are expressing serious concerns about the impact of rising interest rates on their financial well-being. The survey found that 25% of B.C. mortgage […]
