Derek Malcolm, Home Financing Advisor

As expected today, no change to prime rate. Sounds like the main debate now is how far away are rate cuts and how aggressive will they be?

No change on interest rate as Bank of Canada sticks to 5% www.cbc.ca

Good news on the interest rate front, although still seems we're a ways away from future cuts.

Bank of Canada holds interest rate steady at 5% | CBC News www.cbc.ca

Markets are reacting positively to this news, which signals a potential pausing of rate increases for the US Fed in September. This would also lessen pressure on the Bank of Canada to raise rates further, so hopefully this is good news for the near future!

U.S. core CPI posts smallest back-to-back increases in two years - BNN Bloomberg www.bnnbloomberg.ca