BOC Remains on the Sidelines

At 10:00 am EST, Wednesday January 23rd, 2013, the Bank of Canada again did what we expected them to do… they continued to maintain their overnight rate. What this means to you is that once again the prime rate on your mortgage, line of credit or student loan will not change and remains at 3.00%. This of course is fabulous news but as always, I like to remind you to make the most of the low payments you still have as the rate will increase in the future. Have you chatted with a financial advisor about a Tax Free Savings Account or some RRSP contributions…