This means no changes in variable rate mortgages or line of credit rates.

Five year money ranging from 3.59-3.89% and 10 year money from 4.19% range. Variable rate mortgages are available in the 2.6% range  

Below are the highlights of the Bank of Canada Announcement: 

• In the United States, the process of normalization of long-term interest rates has begun.
• Inflation in Canada remains subdued. With inflation expectations well-anchored, both core and total CPI inflation are expected to return slowly to 2 per cent as the output gap closes.
• mortgage interest rates are higher

 Click Here to Read the Full Announcement

The next Bank of Canada Announcement is scheduled for Oct. 23, 2013. 

Bank prime is 3.0%