No Change in the Prime Rate...For Now

Tuesday Dec 12th, 2023

No Change in the Prime Rate...For Now

Here's a few thoughts around the Bank of Canada leaving their prime lending rate unchanged last week... By Steve Kornbluth of Safebridge Financial 1. The End of Rate Hikes The BoC has subtly indicated the end of rate hikes, though not officially announced. With the economic slowdown well underway, restrained spending due to higher interest rates, increased consumer debts, and signs of the economy no longer being in excess demand, it's obvious rates are at their... [read more]



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