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Canada’s Key Interest Rate Held at 1.75%

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Those with floating-rate mortgages or lines of credit have at least six more weeks (probably many more) before their rate could change.That’s because the Bank of Canada left its key lending rate unchanged at 1.75 percent, where it’s been for a year.But, the BoC did sound more concerned. In its statement today, it left the door open to a future ... Continue reading »