Canada Prime Rate Up 0.25% Today
As was widely expected, the Bank of Canada raised its key lending rate by 0.25% this morning.
This brings the rate to 0.75%.
The next rate announcement will be in September and another rise is likely according to analysts.
I’ve added some links below that may help you find the lowest mortgage rates possible for your own situation.
Click here to check on the major bank mortgage rates. These rates will be updated as necessary.
Click here to read my mortgage story and find out how my family is saving thousands in interest.
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According to a poll last week by Reuters, the Bank of Canada is likely to raise its overnight interest rate Tuesday by 0.25%. This will bring the Canada prime rate up to 0.75%.
Check back here tomorrow morning to get the latest interest rate increase news.
Now might be a good time to investigate how you could save on your mortgage. Click here to find out how my family is saving more than we thought possible.
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