Bank of Canada Interest Rate Announcement July 19, 2011
The Bank of Canada has announced that the prime rate will remain at 1.00%. This was widely expected by most analysts. However, the Canada prime rate is also expected to increase by September.
Now may be a good time to look into locking in a low mortgage rate before potential interest rate hikes this fall. Compare today’s best interest rates by clicking on the table on the right to see how much you could save.
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Are interest rates on the rise? According to the Organization for Economic Cooperation and Development, “the Bank of Canada should raise interest rates at a “moderate pace” as it checks inflation because the federal government’s efforts to rein in its deficit will slow the recovery. Read the full story at Bloomberg.com
Will the Bank of Canada prime rate increase next Tuesday, May 31? Most analysts believe not and don’t expect an increase before the 3rd quarter of 2011.
Will mortgage rates be going up before the 3rd quarter? That is a possibility and if you want to check out the best mortgage rates available prior to any increases click here.
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The Bank of Canada has announced that there will be no change in the key overnight interest rate. It will remain at 1.00%
We’ve redone our Canadian mortgage calculator, click here to give it a try. Thanks.
This prime rate announcement was anticipated by most major analysts. The next Canada prime rate announcement will be May 31.
Tags: prime rate, Bank of Canada Prime Rate today, bank of canada interest rate, bank of Canada prime rate announcement April 2011, bank of canada prime rate, Bank of Canada, canada prime rate, bank of canadaNext Bank of Canada Prime Rate Update April 12
The Bank of Canada will provide the next interest rate update on Tuesday April 12 at 9:00 AM. Please check back here after that to get the latest rate. Most analysts expect the prime rate to stay the same at 1.00%
Just a quick reminder about our mortgage calculator. You can use it along with today’s best mortage rates to determine your mortgage payments. Just click on Canadian mortgage calculator
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If you are following the Bank of Canada prime rate announcements, here is a schedule for the rest of the year. I missed the announcement on March 1, but it remains unchanged at 1.00%
12 April
31 May
19 July
7 September
25 October
6 December
Bank of Canada Interest Rate Announcement January 18
The Bank of Canada announced a few minutes ago that there will be no change to the key overnight lending rate.
The interest rate will remain at 1.00%, unchanged since September. This was anticipated by almost all analysts. Acording to the Bank, ” The recovery in Canada is proceeding broadly as anticipated, with a period of more modest growth and the beginning of the expected rebalancing of demand”. Mortgage rates are not expected to change as a result of today’s announcement. As always, check out the great rates available on the right side of the page if you’re looking for a mortgage or to re-finance an existing mortgage.
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