Bank of Canada meets 8 times a year to decide what will happen to the prime lending rate. These meetings are important if you are planning on borrowing money and if you have a variable mortgage rate that will fluctuate depending on what the Bank of Canada sets the Prime lending rate at. It is also important if you are planning to refinance or renegotiate a mortgage whose term is ending soon.
Future Bank of Canada Dates for 2023:
I know some great mortgage specialists that can help you navigate the system. Just reach out to me and I would be more than happy to hook you up!