Squamish Mortgage Brokers Rates

The benchmark rate will remain unchanged at 1.75 per cent.

Stephen Poloz, the bank’s governor  says the jobless rate is about as low as it’s ever been, wages are rising and the housing market in most places is strong. No one is talking about a recession, but consumer confidence and spending indicators “have been unexpectedly soft,” policy-makers said in their new policy statement.The possibility that debt will eventually weigh on consumption is also a factor to keep the rate the same.

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