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Bank of Canada Benchmark Rate News and Articles | My Blog

Economists say BoC could cut interest rates again in July if inflation keeps cooling

6/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More


Bank of Canada officials worry that rate cuts may overheat the housing market

6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ... More


Bank of Canada cuts key rate for first time in more than 4 years

6/5/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More


Bank of Canada considered waiting until July to cut interest rates

6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More


June rate cut still a "close call" despite lower inflation in April

5/21/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More


Bank of Canada set for June rate cut, diverging from Fed

5/2/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy ... More


Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists

4/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer. ... More


Bank of Canada announces key interest rate decision

4/10/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More


Bank of Canada to keep rates on hold this week, first cut seen as early as June

4/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest rate ... More


Inflation expectations cast shadow on BoC's rate decision

4/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

canadian-cash-money-503.jpg - Real Estate News Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More


Inflation metrics give BoC room to talk cuts

3/19/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

canadian-cash-money-503.jpg - Real Estate News Economists widely expect central bank to start cutting rates in June ... More


Variable or short-term fixed mortgage? Where experts see the "sweet spot"

3/13/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More


Bank of Canada makes interest rate decision

3/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada elected to hold interest rates steady at 5 per cent. ... More


Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

3/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts ... More


We could reach 2% inflation by this summer: National Bank

2/28/2024 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? ... More


Inflation slows more than expected in January

2/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

canadian-cash-money-503.jpg - Real Estate News Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the ... More


2024 rate-cut forecasts being revised following today's mixed-bag jobs report

2/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

statistics-canada-80.jpg - Real Estate News Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More


The Bank of Canada's latest move may signal higher rates

2/10/2024 | Posted in Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News BoC's cash-management tool reboot suggests no easing on the horizon, surprising markets ... More


Fixed mortgage rates in Canada resume their decline amid economic volatility

2/3/2024 | Posted in Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down. ... More


Market participants still expect the first Bank of Canada rate cut in April

2/5/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ... More


Canada's housing market to stabilize, but don't expect return to "rollicking" price gains, BMO says

1/29/2024 | Posted in Canadian Housing Market by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News Stability is expected to return to the country’s housing market this year as interest rates ease, but homeowners shouldn’t expect a return to the ... More


Bank of Canada reveals first rate decision of 2024

1/24/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More


Rise in bond yields could send fixed mortgage rates higher, experts say

1/18/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More


BoC set to leave rate unchanged in January, says RBC

1/19/2024 | Posted in Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News The Bank of Canada is likely to leave its overnight rate unchanged in its first decision of 2024, according to new forward guidance by the Royal Bank of Canada. ... More


Interest rate cuts, return to growth on economic horizon, Deloitte says

1/4/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. ... More


Bank of Canada could start cutting rates next year, says governor - BNN

12/19/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

home-buying-financing-concept-261.jpg - Real Estate News The Bank of Canada could start cutting interest rates next year as long as core inflation comes down as predicted, BNN Television cited Governor Tiff Macklem as saying in an ... More


BoC to begin rate cuts by 2024's second quarter, market players say

11/7/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ... More


No more rate hikes expected as unemployment rate rises to 21-month high

11/3/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists ... More


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