The Bank of Canada today increased its target for the overnight rate to 4¼%
Posted by: Kimberly Walker
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening. Adjustable-rate holders will see their payment increasing for approximately $15 per every $100,000 mortgaged. The Bank of Canada is currently […]
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