Lower interest rates could mean good things for potential home owners
PRINCE GEORGE – The Bank of Canada recently announced the key interest rate dropped for the third consecutive month, which could mean more savings for Canadians in a wide variety of areas. The 0.25% drop on its own doesn’t mark a monumental shift, but the fact it’s the third straight drop has financial experts optimistic this could indicate inflation may be getting under control.
“Canada is showing we are ahead of the curve and we’re kind of getting a little bit of control on our inflation rate, and it is trending downward,” said Raymond James Financial Advisor Angela Crowe.