June 1, 2022 – Bank of Canada Announcement – Key Takeaways
Posted by: Jennifer Price
As you’ve likely heard, as widely predicted the Bank of Canada (BoC) has increased the overnight rate by another larger than usual 0.50%, bringing it from 1% to 1.5%. As such, most lender’s Prime Rates will increase from 3.2% to 3.7% within the next month. Remember, in March 2020 just before the pandemic began, Prime […]
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