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Bank of Canada

BOC Interest Rate Staying at 1% For Now – Good News for Variable-Rate Mortgage Holders?

Variable-rate mortgage holders have a reprieve — the BOC interest rate is staying steady at 1%, despite rumours another increase was looming. The Bank of Canada announced October 25, 2017 that BOC interest rates would not be increasing further right now. Inflation has increased, but the BOC said it...