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Bank of Canada Holds Rates, Says High Inflation Will be Temporary

Author: External Author | | Categories: Mortgage Broker , Mortgage Industry , Private Mortgage

The Bank of Canada’s Wednesday rate announcement was “steady as she goes,” as it maintained its Quantitative Easing program and reiterated that rates should stay where they are until the second half of next year.

The overnight lending rate remains at 0.25%, where it’s been since last March. But that’s expected to change about a year from now, according to the BoC’s guidance.

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Original Article Source Credits: Canadian Mortgage Trends,

Article Written By: Steve Huebl 

Original Article Posted on: 9th June 2021

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