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Blog by Linda M Linfoot

Bank Of Canada Benchmark Rate remains

December 8th, 2017
The Bank of Canada benchmark rate is used for qualifying High Ratio mortgages. Today, this rate is 4.99%.

The Bank of Canada has decided to keep its benchmark lending rate steady at one per cent, pausing after two small hikes earlier this year.
Canada's central bank said Wednesday it has decided to keep its target for the overnight rate right where it is, while rate hikes in July and in Septe ...