Bank of Canada Rate Increase Likely in Mid-July

Wed, 28 Jun 2017

If you have a mortgage coming up for renewal, or are looking to get a pre-approval, we suggest you go to your local bank ASAP. In an interview with CNBC today, Stephen Poloz indicated that a BOC rate increase could be coming as soon as July 12, 2017. The rate that the BOC sets largely determines the rates banks will offer on their mortgages and savings interest rates. 

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