Bank of Canada holds key interest rate target

Author: External Author | | Categories: Business Loan , Construction Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

The Bank of Canada is keeping its key interest rate target on hold at 0.25% and says it will stay there until inflation is back on target.

The central bank’s key rate has remained at its lower effective bound since March when Covid-19 lockdowns plunged the economy into crisis.

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Original Article Source Credits:   Advisor's Edge ,

Article Written By:  The Canadian Press

Original Article Posted on:  September 9, 2020

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