Bank Of Canada Holds Rates - Hikes May Be Over
Today's recent announcement that The Bank of Canada has opted to maintain interest rates at 5% marks the fourth instance of holding rates during the ongoing rate hike cycle. The decision comes in the wake of a press release highlighting several concerns, including the weakening global economy, the surge in oil prices, ongoing geopolitical uncertainties, and persistent inflationary pressures. Today we unpack that decision with Mychal Ferreira, Bank of Montreal's number 1 mortgage broker in the...