Blog by Cher Ewing

Interest rates to remain low and hold for longer

October 29th, 2014

The Bank of Canada announced on October 22nd, 2014, that it was holding it's trend-setting overnight lending rate at 1%.

As of October 22nd, 2014, the advertised five year lending rate stood at 4.79%, unchanged from the previous Bank rate announcement in September and down 0.55 percentage points from 1 year ago.

The next interest rate announcement will be on December 3, 2014.  The next upda ...