The Bank of Canada to leave interest rates unchanged today

By: Robert Clancy General News

The Bank of Canada meet on Tuesday May 31^st to discuss interest rates and other economic matters. The Bank is expected to leave interest rates unchanged. Although Canada has being experiencing some good economic growth the unstable global economy and the strong loonie will force The Bank of Canada to sit tight for now.

Today’s Interest Rates

In todays Mortgage Financing Market mortgage rates are changing constantly. Today mortgages rates are based on so many different variables, it is impossible for an adviser to give a true rate quote without actually reviewing the borrower’s application first.

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BANK RATES	TERM	OUR RATES
3.89	1-YEAR	3.04
3.89	2-YEAR	2.89
3.39	3-YEAR	2.89
3.89	4-YEAR	2.89
5.34	5-YEAR	2.54
6.00	7-YEAR	3.95
6.10	10-YEAR	3.95
5.34	Variable (3yr-closed)	3.30
5.34	Variable (5yr-closed)	2.95
5.34	Variable(Open)	4.45

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