Mortgage debt increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, StatsCan says.
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Bank of Canada keeps rate steady at 0.25%, maintains pledge of it staying low until 2023
The Bank of Canada opted to keep its benchmark interest rate steady at 0.25 per cent on Wednesday, noting that Canada’s economic recovery from COVID-19 is proceeding in line with expectations.
Read more from the CBC.
https://www.cbc.ca/news/business/bank-of-canada-benchmark-interest-rate-1.5834049