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Praise the Variable-Rate Mortgage

Praise the Variable-Rate Mortgage

The Bank of Canada bumped up its overnight rate 5 times in the last 18 months, but according to most economists, business leaders and other professionals all signs point to a standstill until at least next Spring. Interest rates go up when the Bank believes in an...
Bank of Canada Holds Pat

Bank of Canada Holds Pat

The Bank of Canada’s overnight rate of 1.75% remains unchanged as of the Bank’s announcement yesterday. After multiple recent hikes some expected the rates to keep going up. But the Bank decided to stand pat. “The global economic expansion is...