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2 Dec

Bank of Canada maintains overnight rate target at 1/2 per cent

General

Posted by: Cory Kline

Bank of Canada announced no changes to its overnight rate and in turn we should not see any increases to prime rate (Variable Rate Mortgages and Lines of Credits) for the balance of 2015. Please keep in mind, fixed rate mortgages are not linked to prime rate and can fluctuate daily.

http://www.bankofcanada.ca/2015/12/fad-press-release-2015-12-02/