Bank Of Canada Keeps Interest Rates The Same

On October 22, the Bank of Canada said that it’s keeping its overnight lending rate at one per cent. According to the Canadian Real Estate Association, this is due to five distinct reasons:

– Recovery in exports not ready to stand on own legs

– Business investment remains weak

– Inflation is on target

– Global uncertainty

– Canadian economic growth will be running below capacity for longer

Check out the full release from the Canadian Real Estate Association here.

 

 

 

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