
5 big banks cut fixed mortgage rates following bond yield drop
2/14/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Mortgage providers nationwide have been gradually lowering their fixed mortgage rates, including five of the country’s Big 6 banks.
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BMO forecasts 1.50% BoC rate by year-end if U.S. imposes tariffs on Canada
2/4/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by ... More

Canadian fixed mortgage rates are dropping as U.S. tariffs shake markets
2/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s 5-year bond yield has fallen to its lowest level since June 2022, following fresh concerns over economic uncertainty and global trade tensions.
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Are Canadian interest rates about to nosedive?
2/4/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Tariffs are off the table for now – but both fixed and variable rates could still tumble
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Banking giant calls for emergency BoC rate cut
2/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists say central bank could make oversized inter-meeting reduction as Canadians come to terms with Trump's tariffs.
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Bank of Canada cuts rates in first decision of 2025
1/29/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The central bank said on Wednesday morning that it had trimmed the key rate by 25 basis points, a move that brings it to 3% but also marks a smaller reduction than its previous ... More

1/29/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.
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Bank of Canada weighs first move of 2025
1/20/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada (BoC) is preparing to make its first key policy decision of the year on January 29, with Canadians eager to see whether the central bank will cut its ... More

Here's what economists expect the Bank of Canada to do in 2025
1/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists at Canada’s major banks don’t expect interest rates to move quite as dramatically in 2025 as they did in 2024, but they still see various sources of ... More

Bank of Canada drops key interest rate
12/11/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected.
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Hidden Bank of Canada clues point to another big cut: CIBC economists
11/22/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ... More

Bank of Canada slashes rates, says monetary policy has worked
10/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the ... More

Former Bank of Canada Official Sees Jumbo Rate Cut in October
10/7/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.
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Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say
10/1/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53%
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Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
9/12/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.
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Bank of Canada makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.
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Inflation eases further in July: Bank of Canada poised for rate cut
8/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.
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Bank of Canada seen cutting rates faster after weak U.S. jobs data
8/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More

The Big Banks are slashing their interest rate forecasts
8/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months.
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Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes
7/26/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More
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