Bank of Canada Announcement - No Change - March 9, 2016

[TimLacroix]

Bank of Canada "holds" overnight rate at 0.50%! No change...

They are taking a wait-and-see-approach...

Read More: Bank of Canada holds key interest rate as it waits on Ottawa’s fiscal boost (http://business.financialpost.com/news/economy/bank-of-canada-holds-key-interest-rate)

[ZenOps]

Worldwide rates are dropping. EU is basically 0.0 as of today.

https://www.ecb.europa.eu/stats/monetary/rates/html/index.en.html

Depending on what category you can borrow or lend at, EU has been negative for a while.

[Feruk]

Tim, I've got a rate question for you. I've heard a couple times now that if BOC rates remain flat and the US Fed raises their prime rate, that mortgage rates in Canada will actually go up. Admittedly I don't understand why.