Canadian Dollar Hits Five-Month High: What It Means for Real Estate
Posted on Apr 16, 2025 in Government News
As of April 16, 2025, the Canadian dollar—often referred to as the “loonie”—has reached its highest level in five months, now trading above US$0.72. This recent climb is largely due to two key factors:
1. Bank of Canada Holding Steady on Interest Rates
The Bank of Canada’s overnight lending rate currently stands at 2.75%, and speculation is growing t...