Newsletter - Bank of Canada maintains overnight rate target at 1%

Bank of Canada maintains overnight rate target at 1 per cent - Bank of Canada:   It was determined at the meeting which took place on April 17, 2013 that the overnight lending rate is to remain unchanged at 1%.  In turn that means that the banks prime lending rate will also remain unchanged at 3%.  This again is very good news for variable rate holders.  It is now possible that the bank of Canada will not increase this rate until some time in 2014.   Stay Connected with me; Follow me on Twitter https://twitter.com/shawnmooney1 Like my business on Facebook http://www.facebook.com/AlbertaMortgageExpert Add me as a friend on Facebook http://www.facebook.com/shawn.mooney1 Check out my Video Blogs on Youtube http://www.youtube.com/user/AltaMortgageExpert My Blog is available at http://www.shawnmooney.net   Do you have any friends, family or collegues that you feel could benefit from any of the services I offer?  Do you know anybody who would benefit from the information provided?  If so, I would appreciate it if you would share this email, pass it around.  Thanks so much.  Forward to a Friend Friend on Facebook   Follow on Twitter Forward to a Friend   Shawn Mooney Bayfield Mortgage Professionals Ltd. Mortgage Expert Phone 403-945-8769 Toll Free 1-866-388-1838 Email: mortgages@shawnmooney.com Website: www.shawnmooney.com Mobile Website www.shawnmooney.ca   Current Rates:   Terms   Our Rates 1 Year   2.74% 2 Years   2.69% 3 Years   2.64% 4 Years   2.74% 5 Years   2.84% 7 Years   3.59% 10 Years   3.69% VIRM   2.55% The prime rate is 3.00%   Different, lower rates may be available. Please contact me for details. Rates can change anytime. O.A.C. Some special conditions can apply, rate might be quick close or high ratio only.