10/29/2026
After 7 consecutive meetings, it finally happened. The Bank of Canada increased their overnight lending rate from 2.25% to 2.50%.
The rise was driven by persistent inflation (rising to an expected 3.5% by year-end) and surging energy costs from geopolitical tensions in the Middle East.
What does this mean for your mortgage? Reach out to a Maventure Agent today!
Maventure Mortgage Co
FSRA 13556