AGENT LICENSE ID
Alberta
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Garth Lyon
Senior Mortgage Professional
Office:
Phone:
Email:
Address:
103, 901-8 Avenue, Canmore, Alberta
BREAKING: Bank of Canada leaves its overnight target rate unchanged at 5.00%
12/6/2023
The Bank of Canada has left its overnight target rate unchanged at 5.00%, as was widely expected by markets. In its statement, the Bank said it is “still concerned about risks to the outlook for inflation and remains prepared to raise the policy rate further if needed.” The Bank added that while high interest rates are restraining spending and economic growth has stalled, it wants to see "further and sustained easing in core inflation." We continue to advocate for the dream of homeownership to remain accessible. Click here for more information on how. The next rate announcement is scheduled for Wednesday, January 24. |
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