Bank of Canada raises benchmark interest rate to 1.5%, noting trade tensions – CBC.ca + MORE Jul 11th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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CBC.caBank of Canada raises benchmark interest rate to 1.5%, noting trade tensionsCBC.caFor the fourth time in a little over a year, the Bank of Canada has raised its benchmark interest rate, a move that will increase the cost of borrowing for Canadians with variable-rate mortgages and lines of credit.Canadian dollar hits nine-day low as greenback rally counters BoC rate hikeThe Globe and MailDr. Sherry Cooper: Poloz Opens the Door for More Rate HikesCanada NewsWire (press release)Bank of Canada hikes rates, shrugging of trade tensionsReuters CanadaDigital Journalall 242 news articles »

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For the fourth time in a little over a year, the Bank of Canada has raised its benchmark interest rate, a move that will increase the cost of borrowing for Canadians with variable-rate mortgages and lines of credit.

Continue Reading On cbc.ca »

For those with a vested interest in mortgage rates—particularly variable-rate mortgage holders—tomorrow’s Bank of Canada rate decision has become one of the most-anticipated financial events of the quarter. Expectations of a rate hike have seesawed from a near certainty to a coin toss and back to a sound bet. Markets are currently 92% priced in […]

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