THE BANK OF CANADA'S INTEREST RATE IS HOLDING STEADY -
THE BANK OF CANADA'S INTEREST RATE IS HOLDING STEADY -- AT LEAST FOR NOW.
THE TARGET OVERNIGHT RATE WILL REMAIN AT ONE PER CENT.
BANK OF CANADA GOVERNOR MARK CARNEY DECIDED AGAINST HIKING THE RATE --THOUGH HE SUGGESTED IT MAY RISE IN
CORE INFLATION HAS BEEN SOFTER THAN EXPECTED RECENTLY -- BUT IS EXPECTED TO RETURN TO 2 PER CENT OVER THE COMING YEAR.
THE LAST TIME THE BENCHMARK LENDING RATE WAS RAISED WAS TWO YEARS AGO.
John Andrew, Real Estate Professor: "It would seem that the hope is that he communicates to Canadians that with an interest rate rising, they should be cautious about how much debt they take on, specifically mortgage debt."