I’m going to keep this one short and sweet as I don’t really have much to report! The Bank of Canada, as predicted, left its key interest rate unchanged. What does this mean to you? The prime rate has stayed the same. If you have a Home Equity Line of Credit or a Variable Rate mortgage your payment’s going to stay the same. In this case, no news is good news!
The Bank of Canada’s next scheduled interest rate announcement is Thursday, May 31st 2011.