Uncertain outlook keeps BoC firmly on the sidelines

Once again the Bank of Canada has held steady on the overnight lending rate, or prime as most know it.

Cheers for the variable clients whose rates are are staying put and will see no changes.

We do expect the Bank to hold steady for some time more as overall the US and CDN economies are lagging. It will turn around at some point, we just don't know when!

A full article can be read here...

http://www.cbc.ca/news/business/bank-of-canada-inflation-1.4129109