Bank of Canada left rates unchanged - Written by Daniel Patching
As expected, Bank of Canada left rates unchanged, so no changes to your variable rate. The release cited optimism about the economy overall, with mild concerns about the ongoing effects of the oil prices and an increasing Canadian dollar.
Full press release: http://www.bankofcanada.ca/2015/05/fad-press-release-2015-05-27/
No increases are expected, likely until at least 2016. As always, we will continue to monitor the situation and keep you updated.
Thanks and have a great day.