Bank of Canada Reaffirms Its Low-Rate Outlook
Despite a booming housing market and rapid job recuperation, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy support.”
The Bank made the statement during its interest rate decision Wednesday, where it left the key lending rate unchanged at its “effective lower bound” of 0.25%.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS ,https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: September 10, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/09/bank-of-canada-reaffirms-its-low-rate-outlook/
CLICK HERE TO READ THE FULL ARTICLE »