5 Year Fixed 3.34%

5 Year Variable 2.65%

The Bank of Canada maintains the key interest rate

The Bank of Canada maintains the key interest rate

Date Posted: March 7, 2018

The Bank of Canada has maintained the key interest rate target at 1.25% in light of recent trade policy developments. Latest talks regarding NAFTA negotiations have ended without resolution and an impending tariffs proposed by the US have left some economic uncertainty.

“While the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be needed to keep the economy operating close to potential and inflation on target,” the central bank said in its statement. “Governing Council will remain cautious in considering future policy adjustments,” the statement said.”


Click here for the full article from the Financial Post

Click here to read the official statement from the Bank of Canada