Bank Canada Rate Review 2018

Bank of Canada will be reviewing interest rates  in 2018 to determine if the bank rate needs to increase or decrease.  If you are in a variable or a HELOC product this is an important time for you.  The following at the review dates for 2018:

January 17 – Interest rate announcement and Monetary Policy Report
March 7 – Interest rate announcement
April 18 – Interest rate announcement and Monetary Policy Report
May 30 – Interest rate announcement
July 11 – Interest rate announcement and Monetary Policy Report
September 5 – Interest rate announcement
October 24 – Interest rate announcement and Monetary Policy Report
December 5 – Interest rate announcement

If you would like to discuss the impacts of this wit your mortgage please call 403.875.2969

Patricia McKean