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20 Jan

Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing

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Posted by: Aneta Zimnicki

Despite some rumblings of possible ‘microcuts’, Bank of Canada maintains the rate steady. Your variable rate mortgage remains unchanged. Rates should be low for some time, 2023 is maintained as the current estimate.
“The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week.”
Next announcement Mar 10.