Mortgage Logic

Interest Rates

The Bank of Canada holds firm on Key Rate today – October 25, 2023

The Bank of Canada today held its target for the overnight rate at 5%. The Bank is continuing its policy of quantitative tightening (selling debt from its books). The global economy is slowing past increases in policy rates and the recent surge in global bond yields are slowing demand. The Bank projects global GDP growth

The Bank of Canada holds firm on Key Rate today – October 25, 2023 Read More »