Bank of Canada Interest rate hike

July 12th, 2018

From:  Mortgage Broker News.ca by Andy Blatchford

OTTAWA _ The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.

The rate hike was the central bank's first interest rate move in six months and lifted the trend-setting rate to 1.5 per cent, up from 1.25 per cent. ...