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Alberta
Garth Lyon Senior Mortgage Professional

Garth Lyon

Senior Mortgage Professional


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Address:
103, 901-8 Avenue, Canmore, Alberta

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BREAKING NEWS Bank of Canada Raises Key Interest Rate by 25 bps

1/25/2023

THINK OUTSIDE THE BOX:  The Bank of Canada has raised its overnight target rate by 25 basis points, bringing it to 4.50%.

This is the Bank’s eighth consecutive rate hike and was expected by markets.

Looking ahead, the Bank said it "expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases,” but that it is also “prepared to increase the policy rate further if needed.” Click here to read more

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