What will happen to Bank of Canada rates in 2021?

Author: ExternaL AuthorR | | Categories: Best Mortgage Rates , Mortgage Agent , Mortgage Broker , Mortgage Services , Mortgage Solutions , Mortgage Specialist

The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent Ratehub.ca forecast.

James Laird, co-founder of Ratehub.ca, said that even with the continuous roll-out of COVID-19 vaccines, full economic recovery might take a considerable amount of time.

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Original Article Source Credits:   MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/

Article Written By:  Ephraim Vecina 

Original Article Posted on:  06 Jan 2021

Link to Original Article:  https://www.mortgagebrokernews.ca/news/what-will-happen-to-bank-of-canada-rates-in-2021-336600.aspx