From CAAMP industry circular, released December 6 2011 Bank of Canada Interest Rate October 25, 2011 1.00 % December 6, 2011 1.00 % January 17, 2012 Next meeting date Source: Bank of Canada Bank Prime Lending Rate October 26, 2011 3.00 % December 7, 2011 3.00 % January 18, 2012 Next meeting date Source: [...]
December 7, 2010
From ATB Financial's morning economic comment: Attention turned to the Bank of Canada this morning. As the only central bank within the G7 countries to have raised interest rates in 2010 (and raising them three times over the summer), Canada’s central bank now appears to be putting rate increases on hold...
July 7, 2010
The Bank of Canada's qualifying rate has drifted downwards to 5.89% as of 06.30.2010... This should help 'ease' some people's concerns (a bit) when qualifying to purchase a home with a fixed term shorter than 5 years OR with a variable rate term.
December 6, 2011