Bank of Canada Holds Rate: A Breath of Fresh Air for Mortgages? (Jan 2024)
Last update: January 26, 2024 The Bank of Canada (BoC)’s surprise decision to hold its key overnight rate at 5% this Wednesday sent ripples through the Canadian economy, most notably in the realm of mortgages. While many anticipated another hike, this pause offers a glimmer of hope for borrowers grappling with rising interest rates. But […]
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