Bank of Canada Holds Rate Steady Again: What It Means for Home Buyers | Rocca Sisters
Posted by Tanya Rocca on
Bank of Canada Holds Rate Steady Again: What It Means for Buyers and Sellers
The Bank of Canada made its call this week, and for the seventh decision in a row, the answer was the same: hold steady. The key policy rate remains at 2.25 percent, unchanged since late last year. For anyone watching the market and wondering what it means for their own plans, here's a breakdown of what's actually happening and why.
What the Bank of Canada Said This Time
According to reporting from The Canadian Press via Castanet, the hold was widely expected heading into the announcement, and a few factors are shaping the bigger picture.
- Inflation ticked up to 3 percent in July, largely driven by a volatile stretch of gas prices tied to the conflict in Iran over…
5 Views, 0 Comments
