Bank of Canada Raises Rates 0.25% - Sept 6, 2017
 

The Bank of Canada has raised its key interest rate by one-quarter point to 1.0 per cent.

This move has also put pressure on fixed rates with the 5-year bond yield up... we are likely to see increases to fixed rates soon too. If you have questions, please reach out!

The next scheduled date for announcing the overnight rate target is October 25, 2017.

To view the announcement - click here