• Mark Albert

BANK OF CANADA / Dec. 5, 2018 / BOC Interest Rate Announcement Explained / Reasons Rate Maintained


Bank of Canada (BOC) made an announcement to maintain the overnight rate at 1 ¾ per cent on December 5, 2018. The next interest rate announcement will be January 9, 2019, followed by March 6, 2018. Bank of Canada (BOC) Interest Rate Announcement Explained.


Some Reasons For Maintaining Rates

- Negative weighing on Canadian Economy

- Negative weighing on Global Economy

- Steep discount on Canadian Crude

- Uncertainty over business investment

- U.S.-China trade showdown


Watch October 24, 2019 Bank of Canada Interest Rate Announcements: BANK OF CANADA / Oct. 24, 2019 / BOC Interest Rate Increase / Reasons For The Rate Increase / BOC


More information on the Bank of Canada (BoC)



If you are looking for a Financial Advisor or for Mortgage assistance in Brampton

MississaugaOrangevilleCaledonMiltonTorontoVaughanEtobicokeOakville,

BurlingtonGeorgetown, or GTA please contact Mark Albert at 416-659-6655 or 

markalbertpfs@gmail.com.


Also, please feel free to request a Comprehensive Financial Strategy document,  which is called a Personal Financial Review to see how your mortgage  and/or income property fits within your overall financial strategy.