Bank of Canada holds key rate steady at 5 per cent, says economy is weakening
9/6/2023 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening.
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Sustained low interest rates no longer possible, says former BoC governor
9/4/2023 | Posted in Interest Rates by Jessi Sandhu
This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025
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Another rate hike coming, say Big Six banks
7/7/2023 | Posted in Interest Rates by Jessi Sandhu
All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in ... More
6/6/2023 | Posted in Interest Rates by Jessi Sandhu
After hitting pause on rates, growing speculation the bank is ready to hike again
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Lenders - including some big banks -are hiking fixed mortgage rates again
5/29/2023 | Posted in Interest Rates by Jessi Sandhu
The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.
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Growing number of economists predicting another imminent BoC rate jump
5/23/2023 | Posted in Interest Rates by Jessi Sandhu
Housing market growth and persistent inflation challenges are hardening expectations of an increase
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Bank of Canada announces interest rate decision
10/30/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%.
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Bank of Canada reveals latest interest rate decision
9/4/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy.
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A Bank of Canada rate cut as early as September
8/20/2019 | Posted in Interest Rates by Jessi Sandhu
A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says.
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The bank offering the world's first negative mortgage rate
8/18/2019 | Posted in Interest Rates by Jessi Sandhu
Negative mortgage interest rates offered in Denmark. How is it possible?
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Canadian mortgage rates falling to their lowest level in 2 years
6/7/2019 | Posted in Interest Rates by Jessi Sandhu
Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More
Bank of Canada maintains overnight rate target at 1.75 per cent
5/29/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada today maintained its target for the overnight rate.
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Interest rate cut now unlikely say economists
5/27/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts.
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Poloz expects rates to rise 'a bit' but unsure on timing
5/21/2019 | Posted in Interest Rates by Jessi Sandhu
Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t ... More
Latest stats make interest rate hikes highly unlikely in 2019
5/1/2019 | Posted in Interest Rates by Jessi Sandhu
The latest reading of Canada’s economy brings both good and bad news for the housing market.
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Bank of Canada keeps rates steady, cuts language about future hikes
4/24/2019 | Posted in Interest Rates by Jessi Sandhu
Bank of Canada keeps rates steady, cuts language about future hikes.
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Bank of Canada to hold interest rates through 2020: TD Securities
3/15/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More
Bank of Canada maintains overnight rate target at 1.75%
3/6/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More
Why Canadians are suffering a bankruptcy spike
2/25/2019 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even ... More
Interest rates low enough to stimulate economy: BoC
2/22/2019 | Posted in Interest Rates by Jessi Sandhu
Stephen Poloz says the upward path for interest rates is 'uncertain'.
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