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Holding...

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

I have told many of my clients that the rates will go up faster than they are projected by the experts.

Now...this, what they are saying.

Borrowers beware as Bank of Canada shifts tone on rates: Pattie Lovett-Reid - BNN Bloomberg The Bank of Canada delivered pretty much exactly what Bay Street expected Wednesday by scaling back its quantitative easing program and leaving its benchmark interest rate at 0.25 per cent. However, I would argue there was a big surprise for Canadians who have been counting on rates staying put into...