Each year The Bank of Canada has eight pre-specified dates for announcing any changes to the official interest rate it uses to implement monetary policy - the rate of interest it charges on short-term loans to financial institutions. The Bank of Canada will also publish its quarterly Monetary Policy Report concurrently with the January, April, July and October rate announcements. The standard day for publication of all scheduled rate announcements is on a Wednesday at 10:00 AM (ET).
The scheduled announcement dates for 2018 are the following:
Do you have questions about these announcements or interest rates and how they affect your mortgage? For a free, no obligations consultation, please contact one of our trusted professionals by phone at 204-954-7620, by email at email@example.com or online at One Link Mortgage today! We are here to help.