5 Year Fixed 3.44%

5 Year Variable 2.70%

Bank of Canada once again maintains key interest rate

Bank of Canada once again maintains key interest rate

Date Posted: May 30, 2018

“The Bank of Canada kept its key interest rate unchanged at 1.25 per cent on Wednesday, citing the impact of trade uncertainty, a slowdown in housing activity and mounting “stress” in emerging markets.”

Although the statement did note that there will be further increases to come in 2018 in efforts to keep inflation near target. The Bank stated that it will “continue to assess the economy’s sensitivity to interest rate movements and the evolution of economic capacity.”

For the Bank of Canada release, click here.

For more information in the Globe and Mail article, click here.