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WENDY MCLEOD
CIPS CERTIFIED INTERNATIONAL PROPERTY SPECIALIST
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BANK OF CANADA HOLDS RATES

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BANK OF CANADA HOLDS RATES

Bank of Canada Rate Announcement

On Wednesday, The Bank of Canada announced they will be leaving the Benchmark Rate unchanged. Prime Rate with most lenders will remain at 4.45%. This announcement affects those that are holding Variable Rate mortgages or a Line of Credit. 



There are 3 more rate announcements before the end of 2026. The next meeting is scheduled for September 2, 2026.

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