18 Jun Bank of Canada Holds Rates Steady: What It Means for Buyers and Homeowners
Posted at 22:01h
in Articles
The Bank of Canada has chosen to keep its key interest rate unchanged, signalling continued confidence that inflation remains on track despite some recent upward pressure in headline numbers.
While April’s inflation rate of 2.8% may have caught some attention, the Bank emphasized that much of the increase was driven by higher oil and energy costs — not by broad-based price increases across the economy.