29 Oct

The Bank of Canada has spoken again. Find out what it said about interest rates and inflation here.


Posted by: Kimberly Walker

Today, the Bank of Canada made its seventh interest rate decision of 2021.

No one expected a change today but economists were betting that higher rates would be on their way sooner rather than later.

What actually happened and what the BoC said about the outlook for the Canadian economy can be found in First National’s Executive Summary.

With interest rates (so far) remaining at generational lows, employment figures looking as good as they did before the pandemic, and Canadian borders re-opening to welcome a record number of newcomers next year, the time to finance a home purchase is now.

First National stands ready to help you serve your clients with the products, services and technology you can trust.

We look forward to a positive finish to a record year.