Bank of Canada Raising Rates Again

2018 01 17

The Bank of Canada, led by governor Stephen Poloz, has hiked its benchmark lending rate to 1.25 per cent.(Bloomberg)

The Bank of Canada is raising its' key interest rate as economic pieces fall into place including strong job gains, consumer spending, housing investment and the energy sector.

Forward growth is predicted to come from business investment and exports as opposed to consumers and home construction.

What does this mean for you?

Buying or selling it's prudent to arrange a mortgage pre-approval from an expert - email me today for a referral to protect your interests.

Read more here.