Mortgage News
Bank of Canada holds rate at 1%
The Bank of Canada kept its benchmark interest rate steady at one per cent Wednesday, continuing its longest stretch of inaction on record.
Published
The Bank of Canada held its benchmark interest rate at one percent once again this week, accompanied by predictions for the economy, and a soft landing for the Canadian housing market.
Canada's central bank also noted in Wednesday's statement that the Canadian economy fared better than was expected in the final months of 2013, citing a 2.5% expansion in the fourth quarter.