Mortgage Rates & Mortgage Broker News in Canada |
| Posted: 26 Feb 2021 06:10 AM PST Fixed rates may be heading higher, but variable-rate holders can rest assured their rates won’t be going up just yet, at least according to Bank of Canada Governor Tiff Macklem. During a speech on Canada’s labour market, Macklem said monetary policy will need to continue to provide stimulus for a “considerable period” because a complete economic recovery is “still a long way off.” “We have committed to keeping our policy interest rate at the effective lower bound until economic slack […]  |
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