The Bank of Canada delivered a status quo rate decision, keeping its target rate and bond purchases unchanged.
Each year, the Bank of Canada has eight pre-specified dates for announcing any changes to the official interest rate. The scheduled dates for the interest rate announcements for 2022 are as follows:
On July 14th, the Bank of Canada reiterated its commitment to hold the policy rate at its current record-low level. What does that mean for mortgage consumers?