The Bank of Canada (BoC) cuts key lending rate

Following on the heels of the US Federal Reserve’s emergency interest-rate cut yesterday, the BoC has cut its key lending rate by 50 basis points. It’s now 1.25%. This may lower the rates on lines of credit and variable-rate mortgages.

This comes amid a global economic challenge posed by the uncertainty of the coronavirus that may affect domestic spending.

I will continue to keep you updated.

Let’s talk!

Call me today!