Bank of Canada Interest Rate Announcement May 27 2015 no change to Prime Rate

Good morning from Beautiful Mississauga!

The Bank of Canada announced today that it is maintaining its target for the overnight rate at 0.75 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent

This announcement of no change in the rate was expected by many economists.

Mortgage rates should remain where they are now, pending Bond Yield updates in the next weeks.

Read the entire report at this page:

http://www.bankofcanada.ca/2015/05/fad-press-release-2015-05-27/

Read more about today's mortgage interest rates

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829  CELL 416-520-1577
mark@mississauga4sale.com

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