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Bank announced Not raising rates now. Next Meetings December 6, 2017 & January 2018

The Bank of Canada met this morning   and elected not to increase their overnight rate meaning that variable rate   mortgage holders will get a break this month following 2 previous increases   in July and September.  The Bank sited increased inflation due to   stronger economic activity and increasing gasoline prices as motivators for   leaving their rate steady.  They expect exports and business investment   to remain strong but did say there was”substantial uncertainty” especially   surrounding the renegotiation of NAFTA.

 The Bank of Canada will meet agin on  December 6th and then again on January 17th. 

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