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 2021 are as follows...
Prospective homebuyers were reassured in July that interest rates will remain near historic lows “for a long time”, according to Bank of Canada Governor Tiff Macklem.
Most of the attention surrounding the Bank of Canada’s latest rate increase has been focused on interest rates and variable versus fixed mortgages. The importance of paying off credit card debt should not be overlooked...