The Bank of Canada decided not to increase the prime rate in its September announcement, but Canadian homeowners and buyers shouldn’t assume the central bank is done on its rate-hiking path.
The central bank kept its policy rate unchanged on September 6, it also reiterated its commitment to restoring inflation to its 2% target, emphasizing it was willing to hike again if economic indicators don’t play out as expected. Inflation doesn't seem to be going in the desired direction!
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