Bank of Canada Meeting

The Bank of Canada met this morning and has left rates unchanged. Much media anticipation was looking for Mr. Carney to follow Australia's increase but has stated that different influences are present here in North America and we may not see any increases until 4th quarter of 2010 possibly. Great news!

Please find attached a TD overview of the meeting.

Fixed rates have increased to 4.18% - 4.39% on a 5 year fixed depending on the lender with some quick close discounts available. (subject to change)

approx $452/month over 35 years per $100,000 - OAC
approx $536/month over 35 years per $100,000 - OAC