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Bank of Canada left rates unchanged yesterday

General Trish Pigott 6 Mar

Great news for variable rate mortgage holders.  BoC announced yesterday that they would once again leave rates unchanged.  The result is no changes to the Prime rate which directly affects variable rate mortgage holders.  So looking at all indicators and statements made by the bank yesterday, there’s no danger of variable rate hikes in the near future. So, for variable and adjustable rate mortgage holders, there remains little reason to lock in.