04/29/2026
🛑BREAKING! The Bank of Canada target for the overnight rate remains at 2.25%. Due to the complex geopolitical tension in the Middle East and ongoing economic uncertainty the Bank holds a "wait-and-see" stance, ready to adjust rates if inflation proves persistent or if economic conditions weaken significantly.
‼️Prime rate for variable and line of credits REMAINS at 4.45%!
❗️The next scheduled interest rate announcement is on June 10, 2026. More to come on www.mortgagelegko.com