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Home : Blogs : Gail Reeves Reid : All About Mississauga Real Estate Blog

Bank of Canada keeps rate the same

In announcing that they are keeping rates steady, the Bank of Canada talks about the upside and downside risks of the current market. Bottom line is that short term rates are the same for now and that they will be watching closing what happens in the world markets.

This will mean bank prime will stay at 6.25%

The next scheduled meeting is on October 16th

Click on the link below to read the full announcement.

http://www.bankofcanada.ca/en/fixed-dates/2007/rate_050907.html?style1=print

Posted by Gail Reeves Reid on 09/06/2007 12:05 PM

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Gail Reeves Reid

Mississauga, ON

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Keller Williams Real Estate Brokerage

Office Phone: (905) 812-8123

Cell Phone: (416) 540-8681

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Bank of Canada keeps rate the same