Interest Rates to Remain Low and on Hold for Longer

The Bank of Canada announced on October 22nd, 2014 that it was holding its trend-setting overnight lending rate at 1 per cent.

Its most recent rate announcement and Monetary Policy Report suggest a number of reasons why interest rates aren’t going up anytime soon:

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Devon Kuepfer

Devon Kuepfer

CENTURY 21 First Canadian Corp., Brokerage*
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