richard cooke, Author at Distinctive Advisors Inc.

Distinctive Advisors Inc.


Distinctive Real Estate Advisors Inc., Brokerage | Distinctive Real Estate Advisors Inc., Mortgage Broker License #12592

Author Archives: richard cooke

BREAKING NEWS: Bank of Canada Leaves Key Interest Rate Unchanged at 0.25%

The Bank of Canada has left its overnight target rate unchanged at 0.25%, where it’s been since March 2020.

In a statement accompanying the decision, the Bank addressed concerns about high inflation, saying:

“As supply shortages diminish, inflation is expected to decline reasonably quickly to about 3% by the end of this year and then gradually ease towards the target over the projection period. Near-term inflation expectations have moved up, but longer-run expectations remain anchored on the 2% target.”

The Bank also said overall economic slack has now been absorbed, and that it is ending its “exceptional forward guidance on its policy interest rate.”

Read Full Statement:

Read Monetary Policy Report: