Interest Rates

Happy couple with refinance mortgage in Penticton enjoying their home and the view after getting a stress free refinance completed | Stephen Aitcheson, XEVA Mortgage

More Cuts Possible If Inflation Allows The central bank of Canada has decided to hold its policy rate at 2.75% for the second consecutive time. This decision comes despite stronger-than-expected growth in the Canadian economy during the first quarter of this year. In April, inflation was recorded at 1.7%. However, core inflation indicators were higher than anticipated. Notably, food prices surged by 3.8% in April. Additionally, the full impact of the US tariffs has yet to be