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Friday 7 March 2014
A Friendly Reminder - Spring Forward This Weekend
Wednesday 5 March 2014
Bank of Canada keeps policy interest rate unchanged at 1%
The Bank of Canada is keeping its trendsetting, overnight interest rate at one per cent, where it has been since September 2010.
It also made no changes to its neutral bias stance, meaning it believes the next policy move could equally be either a hike in rates or a cut.
Canada’s central bank says the current super-low interest rate is appropriate for the Canadian economy.
The bank says the economy grew a little more, and inflation was a little higher, than it anticipated in the final quarter of 2013.
However, the Bank of Canada cautioned that the global and domestic landscape remain beset by risks and uncertainties.
Best Mortgage Rates as of 5th March 2014
- 3 Years Fixed @ 2.59%
- 5 Years Variable @ Prime - 0.65 or 2.35%
- 5 Years Fixed @ 2.99% (30 days Quick Close)
- 5 Years Fixed @ 3.09%
Mihir Oza
647-710-7374
Mortgage Agent (License # M11000672)
The Mortgage Practice (Brokerage # 11156)
My Motto: Right Advice. First Time, Every Time.
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