The policy interest rate was raised by the Bank of Canada (BoC) on October 26 by 50 basis points, or to 3.75%.
Contrary to what some people may believe, there is no link between immigration and interest rates, and economists like Capital Economics’ Stephen Brown have suggested that an increase in immigration may actually help Canada cut interest rates more quickly than other nations.
If you want to know more about Canadian immigration, do not hesitate to book an appointment for professional consultation for your most suitable path!