Interest Rates Went Up Again. What’s Next?

Posted on Posted in Market Commentary

Bank of Canada Benchmark Rate is now at 3.25% and climbing.

What is the benchmark rate?   That is the rate at which the BOC lends Money to its first-tier lenders.

This has resulted in the highest prime rate charged by our tier 1 lenders in 15 years.

The jury of public opinion remains out on how many more and how long will these escalated rates last.

Looking for insight, call our offices.

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