Interest Rates Set to Increase in June
April 21st, 2010Interest Rates Remain Stable, Set to Increase in June
We've dodged another interest rate rise - at least for now. The Bank of Canada, who determines the cost for banks borrowing money from each other (called the overnight lending rate), has decided to keep their rate steady at the record low of 0.25%... for now. These super low interest rates have been largely responsible for the Canadian ec ...