Canadian interest rates are on hold. Here’s what that means for mortgages

ymeadmin Current Economic and Mortgage News, News

Between July 2017 and October 2018 the central bank hiked the overnight rate five times as the Canadian economy recovered from a weakened energy sector. But since the fall it has taken a hands-off approach, particularly in the wake of a weaker-than-expected performance from the Canadian economy in the fourth quarter.

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