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Bank of Canada re-commits to rate freeze and bond purchases

9/9/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada reiterated its pledge to keep interest rates at historic lows for years to come, but dialed back its willingness to take even more aggressive action and said it ... More


Bank of Canada will maintain current level of policy rate

7/15/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ... More


Record-low interest rates here to stay - for now

6/23/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More


Bank of Canada holds rate steady

6/3/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More


Tiff Macklem named new Bank of Canada governor amid COVID-19 pandemic

4/30/2020 | Posted in Anouncements by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment that he says cries out for bold, ... More


Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts

4/15/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ... More


Bank of Canada: Key interest rate cut to lowest level

3/27/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More


Big Six banks slash prime rates by half a point

3/17/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More


Bank of Canada slashes policy rate to 0.75 per cent in surprise cut

3/13/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ... More


Toronto House Prices Jump By $130,000 In A Year

3/6/2020 | Posted in Toronto Real Estate by Jessi Sandhu

toronto-downtown-view-450.jpg - Real Estate News Toronto House Prices Jump By $130,000 In A Year As Industry Calls For 'Shovels In The Ground'. And now the Bank of Canada is putting "kerosene on the fire" with ... More


Bank of Canada lowers overnight rate target to 1.25 percent

3/4/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More


BoC rate must be at 1.5%, think-tank's fiscal policy council says

3/2/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More


Bank of Canada Holds Rates, Shows Less Confidence in Outlook

1/22/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More


CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More


Bank of Canada keeps key interest rate target on hold

12/5/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More


Bank of Canada announces interest rate decision

10/30/2019 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More


Bank of Canada reveals latest interest rate decision

9/4/2019 | Posted in Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More


A Bank of Canada rate cut as early as September

8/20/2019 | Posted in Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More


5 ways the U.S. Fed's rate cut affects Canadians

8/2/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

us--canada-121.jpg - Real Estate News Here’s a look at how lower rates south of the border could ripple through our country, according to five experts. ... More


Central bank qualifying rate used in mortgage stress tests falls

7/21/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More


Bank of Canada keeps key interest rate steady

7/10/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More


Bank of Canada to cut rates in October, then twice more

7/3/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More


Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

6/20/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

finance-market-growth-127.jpg - Real Estate News Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More


Interest rate cut now unlikely say economists

5/27/2019 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News 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. ... More


Poloz expects rates to rise 'a bit' but unsure on timing

5/21/2019 | Posted in Interest Rates by Jessi Sandhu

stephen-poloz-bank-of-canada-45.jpg - Real Estate News 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 know ... More


BoC touts long-term mortgages to open MBS market

5/9/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More


Household debt to have knock-on effect upon banks, economy

4/29/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Canadians now owe an average of $1.79 for every dollar of disposable income. ... More


Bank of Canada 'going nowhere' with interest rates into 2020: Economist

4/3/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More


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