Bank of Canada cuts benchmark mortgage rate for 3rd time in months
House-hunting Canadians saw their buying power increase this week as the benchmark five-year mortgage rate reported by the Bank of Canada fell for the third time this year, easing a key stress test faced by borrowers.
Original Article Source Credits: Global News , https://globalnews.ca/
Article Written By: Tara Deschamps
Original Article Posted on: August 13, 2020
Link to Original Article: https://globalnews.ca/news/7272563/bank-of-canada-cuts-benchmark-mortgage-rate/