12/14/2010
The BoC Leaves Rates As-is
The Bank of Canada hiked rates three times this year, which lifted variable mortgage rates by 0.75 percentage points. The market expects the Bank to resume rate increases in mid-2011. Current Prime 3.00%
The Bank of Canada left the country’s key lending rate unchanged today. That keeps prime rate at 3.00% for now. It was no surprise since every notable economist expected no...