Posted On Mar 07, 2023

The next rate announcement from the Bank of Canada (BoC) is tomorrow, March 8. The consensus is there will be a pause on any rate increase at this announcement. This article by Reuters (click here) sheds some hopeful light on our current economic climate and the impact the rate increases have had. 
Again, these rate announcements by the BoC directly impact variable rate mortgages, lines of credit and some car loans. It does not directly impact fixed rates. 
Danny Bell, AMP
Mortgage Broker | Lic.#M13001996
Direct: 289-200-9061 | Office: 905-426-4200
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