The Bank of Canada announced this morning that it will leave its key interest rate unchanged. In its statement the Bank indicated that it expects economic recovery in Canada to be more gradual than it had projected in July, “with growth of 3.0 per cent in 2010, 2.3 per cent in 2011, and 2.6 per cent in 2012.” The Bank added that “this more modest growth profile reflects a more gradual global recovery and a more subdued profile for household spending.”
If you're curious about what this may mean for mortgage rates, visit our Mortgage webpage at http://www.insightfulwealthsolutions.com/mortgages or call us 604-575-6911. We're here to help!
