Mortgage News
Mark Carney to give ample notice of any interest rate hikes
Bank of Canada governor Mark Carney is promising that he will be transparent about any moves the bank makes to raise interest rates in the future.
Published
This week, the Bank of Canada made the decision to leave its benchmark rate at 1%, following a speech from Mark Carney promising to be clear about any upcoming actions and intentions from Canada's central bank.
It is the hope that this transparency will limit the feeling of uncertainty many Canadians are feeling regarding investing, mortgages and much more. While Carney did not altogether dismiss the possibility of raising interest rates, he maintains that at the moment, it remains a "hypothetical question."