Month: October 2022

Bank of Canada Announcement Oct 26 2022
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Bank of Canada Announcement Oct 26 2022

The Bank of Canada raised its key lending rate by 0.50% today. This is the 6th consecutive increase by the Bank of Canada and means most lenders will raise their prime rate to 5.95% This is an increase of $26 for every $100,000 of your mortgage. We are in unprecedented times with persistent inflation that […]

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