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The Bank of Canada today raised its target interest rate by .25 percent, citing increased confidence in the Canadian economy. Mortgage rates will no doubt follow suit very soon. Read the full press release from the Bank of Canada here: http://www.cbc.ca/news/business/bank-canada-interest-rate-monetary-policy-1.4200814.
More in-depth analysis of the economy can be found in their Monetary Policiy Report press conference release, with a link to the report itself: http://www.bankofcanada.ca/2017/07/opening-statement-120717/
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