Mortgages Lead Credit Growth as Delinquency Rates Decline

Author: External Author | | Categories: Best Mortgage Broker , Mortgages

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The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, saying economic conditions still require it even if things are going better than anticipated.

In a statement, the central bank says it expects economic growth in the first quarter of 2021 to be positive, as opposed to its previous forecast in January for a contraction to start the year.

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Original Article Source Credits:   Ctv news , https://www.ctvnews.ca/

Article Written By:  The Canadian Press

Original Article Posted on:  March 10, 2021 

Link to Original Article:  https://www.ctvnews.ca/business/bank-of-canada-keeps-key-interest-rate-target-on-hold-1.5340944



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