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Bank of Canada says real estate is 'expected to moderate but remain elevated'

Thursday Jun 10th, 2021

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The Bank of Canada is leaving its key interest rate unchanged at 0.25 per cent. "The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate," said the Bank of Canada in a release. "This is reinforced and supplemented by the Bank's quantitative easing (QE) program, which continues at a target pace of $3 billion per week." Canada's central bank on April 21 began tapering its QE program, which was introduced to help... [read more]

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