Tuesday, March 17, 2020 / by Nicole Stanway
The Bank of Canada yet again has cut the rates as of Friday, due to the ailing stock market resulting from Covid-19 and sliding energy prices. In a matter of weeks everything is upside down. Will this be enough to ensure we come out of the gates post-Corona ready to spend? My bet is on variable rates for the short term, at least until the Bank of Canada raises rates again.
Watch this short video to stay informed.