A 50-bps rate hike in June is ''virtually guaranteed'' after April's hot inflation reading
5/19/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June meeting. ...
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The latest in mortgage news: BoC rate hike expectations grow
5/12/2022 | Posted in Interest Rates by Jessi Sandhu
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year. ...
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Big Banks Raise 5-Year Fixed Rates Above 4%
4/25/2022 | Posted in Interest Rates by Jessi Sandhu
Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%. ...
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Bank of Canada: Key interest rate cut to lowest level
3/27/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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. ...
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Big Six banks slash prime rates by half a point
3/17/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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Bank of Canada lowers overnight rate target to 1.25 percent
3/4/2020 | Posted in Mortgage Interest Rates by Jessi Sandhu
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 ...
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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
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 ...
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OSFI considering new benchmark rate for uninsured mortgages
2/19/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ...
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Bank of Canada Holds Rates, Shows Less Confidence in Outlook
1/22/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ...
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Canadian households to get short break from rising debt costs
12/31/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
TD economists says the cost of servicing debts should ease early in 2020 ...
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Bank of Canada keeps key interest rate target on hold
12/5/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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Scotiabank pushes back its Bank of Canada rate cut forecast
11/29/2019 | Posted in Mortgage Interest Rates by Jessi Sandhu
Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting. ...
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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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Bank of Canada keeps key interest rate steady
7/10/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ...
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Bank of Canada to cut rates in October, then twice more
7/3/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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. ...
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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
Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ...
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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 know ...
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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 'going nowhere' with interest rates into 2020: Economist
4/3/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
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. ...
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Bank of Canada's Poloz says stimulative rates needed for temporary soft patch
4/2/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Poloz's optimism Monday about the future could ease speculation the central bank could lower rates. ...
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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 ...
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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 ...
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Bank of Canada to cut rates before the end of 2019
2/28/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ...
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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 negative ...
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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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Poloz buys borrowers more time but punishes savers
1/16/2019 | Posted in Interest Rates by Jessi Sandhu
What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ...
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