Bank of Canada has once again raised interest rates
September 07, 2022 - The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative tightening.
The global and Canadian economies are...
Inflation eased in July…kind of. What it means for the BoC’s next rate hike
August 16, 2022 - Led by a drop in gas prices, Canada’s annual inflation rate eased to 7.6% in July, according to data released by Statistics Canada.
That follows a 40-year-high of 8.1% in June, which some observers believe may mark the peak in...
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening
July 13, 2022 - The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing its policy of quantitative tightening (QT).
Inflation in Canada is higher...
BOC raised rates once again
June 02, 2022 - The Bank of Canada raises the target for overnight lending rate by 50 basis points.
As was widely expected, the Bank of Canada hiked its target for the overnight lending rate to 1.5% while stating that the Governing Council is prepared to...
Bank of Canada Prepared to Raise Interest Rates “Forcefully”
April 29, 2022 - Targeting high inflation is the Bank of Canada’s top priority, and it’s prepared to raise interest rates “forcefully” if that’s what’s needed.
Bank of Canada Governor Tiff Macklem made the comment in a speech before the...
Bank of Canada raising key interest rate to 0.5 per cent
March 02, 2022 - The Bank of Canada is increasing its trendsetting interest rate for the first time in more than three years.
The central bank announced Wednesday that it will increase the key rate target from 0.25 per cent, where it has stood since the...
Fixed Mortgage Rates Continue to Rise
February 28, 2022 - Fixed mortgage rates are once again on the rise after Canada’s 5-year bond yield reached a three-year high earlier this month.
Brokers and mortgage lenders, including the Big 6 banks, have been hiking fixed mortgage rates in recent...
MAKING CENTS OF YOUR DOWN PAYMENT
February 10, 2022 - Buying a home is exciting but saving up for it can be a challenge.These days, a dream home can seem like just that – a dream. Owning your own home might seem like a daunting goal but with the right strategies, it’s definitely...
Why did the Bank of Canada hold and what's next?
January 26, 2022 - The Bank of Canada defied market expectations today and held its rate at 0.25 per cent. The U.S. Federal Reserve announces its decision at 2 p.m. We will have full coverage of the decisions, the press conferences and the market reactions...
The Latest in Mortgage News
January 17, 2022 - It’s no secret that the federal government is eyeing reforms to investment properties in an effort to help reel in runaway house prices.
In a mandate letter sent from the Prime Minister in December, Housing Minister Ahmed Hussen was...