Bank of Canada’s Interest Rate Announcement: Increase of 0.25%

Tuesday Jun 13th, 2023

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Bank of Canada’s Interest Rate Announcement: Increase of 0.25%

Bank of Canada’s Interest Rate Announcement: Increase of 0.25% The Bank of Canada‘s overnight rate is back on the upswing, per this June 7, 2023 interest rate announcement. The Bank raised its key rate to 4.75 per cent, marking the first increase since January and the highest rate we’ve seen since April 2001. Why the upward movement? The Bank cited stronger-then-expected economic activity as the reason for its decision, driven by consumer demand and consumption. Gross... [read more]

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D'Amico Real Estate

D'Amico Real Estate

RE/MAX Realty Enterprises Inc.

1697 Lakeshore Rd W, Mississauga, ON, L5J 1J4

ad@damicorealestate.ca

(905) 855-2200

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Listing Data were last updated: 2024-05-17 00:00:00

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