Bank of Canada Update

Bank of Canada Update

Bank of Canada Keeps Rates Steady!

Prospective homebuyers may need to exercise patience as the Bank of Canada revealed today its decision to maintain the overnight lending rate at 5%. This marks the third occasion this year that the Bank has opted for stability in interest rates. While numerous economists anticipate rate reductions in the upcoming summer, the precise moment for the initial rate cut in four years hinges on the economy's growth trajectory.

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