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Bookmark this page to stay abreast of changes in rates as they happen and our ongoing commentary on the interest rate market. We keep up to date on all economic factors that may impact the interest rate market to keep you informed.Our current commentary on the economy follows.You can also view a history of events that have shaped the mortgage market from 2002 to date.
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EVENTS SHAPING THE MORTGAGE RATE MARKET IN 2010

posted June 14, 2010

Bank of Canada Opens the Door a Crack But Enters Cautiously
Bank of Canada raises it's rate only by .25%
June 1, 2010

The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis points for the overnight rate.

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posted May 3, 2010

Bank of Canada Speaks April 20/2010
Bank of Canada maintains overnight rate target at 1/4 per cent; removes conditional commitment

OTTAWA-The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.

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posted Feb 3, 2010

WHERE IS YOUR MONEY GOING IN 2010?

I have been in the banking/finance business since 1969.I have lived through three recessions and seen the before and the after. There is no doubt that this recession was one of the worst when you consider it was a world wide recession and not just based in Canada and that the recession was started by factors outside of our control.

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current rates

Disclaimer: The opinions expressed in this webpage are those of the editor of the Mortgage Professionals website and not necessarily the opinion of all the Mortgage Professionals . Readers are advised that they have the sole responsibility to make the decision as to the future direction of their mortgage.This commentary is provided for information purposes only.

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