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Bank of Canada Announcement: Ultra Low Rates to Stay as Economy Recovers from COVID-19 Impact

May 12th, 2021|

The Bank of Canada announced ultra-low rates to stay as the economy recovers from the devastating COVID-19 impact. As unemployment rates increased to 9.4 percent, it was critical that Canadians needed help. The Bank of Canada has confirmed these low rates will stay well into 2022 to ensure a stable recovery.