Bank of Canada maintains its overnight rate target at 1/2 per cent.

This morning, the Bank of Canada announced that its overnight rate target maintains at 1/2 per cent, and the current prime rate stays at 2.70%.

Many of our clients are choosing shorter term now, and the most popular mortgage rate is two year fixed rate.  Please check our updated rates at :

Information Notice

The next schedule date for announcing the overnight rate target is May 25th, 2016.