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. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Interest Rate Forecast, Variable Rate Mortgages

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. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canadian Debt, Variable Rate Mortgages

The Bank of Canada is expected to cut rates again, with U.S. Fed on deck

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

The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canadian Debt, Interest Rate Forecast, Interest Rates, Mortgage Interest Costs, Variable Rate Mortgages

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. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living

Bank of Canada cuts key interest rate to 4.5% with hints of more to come

7/24/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canadian Debt, Home Buyers, Household Debt, Mortgage Debt, Variable Rate Mortgages

Inflation report "all but guarantees" a Bank of Canada rate cut next week: economists

7/16/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Real Estate

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

Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canadian Housing Market, Variable Rate Mortgages

Bank of Canada announces key interest rate decision

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

The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canada Real Estate, Mortgage Rates Canada, Variable Rate Mortgages

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Interest Rate Forecast, Interest Rates

Inflation expectations cast shadow on BoC's rate decision

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

Economists question their forecasts as inflation expectations challenge anticipated rate cuts ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada GDP, Canada Inflation Rate, Canada Living, Canada Real Estate

Inflation metrics give BoC room to talk cuts

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

Economists widely expect central bank to start cutting rates in June ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Interest Rate Forecast

Bank of Canada makes interest rate decision

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

The Bank of Canada elected to hold interest rates steady at 5 per cent. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Economic Growth

Inflation slows more than expected in January

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canadian Debt

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canada Real Estate, Canadian Banks, Canadian Debt, Canadian Housing Market Slowdown, Interest Rate Forecast, Recession, Variable Rate Mortgages

Bank of Canada reveals first rate decision of 2024

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate

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

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

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

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Real Estate, Interest Rates

Bank of Canada's Macklem says 'too early' to consider rate cuts

12/15/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More

Tags: Canada Inflation Rate, Canada Living, Consumer Confidence, Consumer Spending, Economic Growth, Interest Rates

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

Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canada Living, Canada Real Estate

Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal

10/18/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The overnight rate could settle around 3%, according to leading economist ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Canadian Housing Market, Canadian Housing Market Slowdown, Interest Rates, Mortgage Interest Costs

Economists see Bank of Canada holding on rates after surprise GDP contraction

9/1/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada GDP, Canada Inflation Rate, Canada Living, Economic Growth

Canadian market participants see rates staying at 5 per cent in 2023: BoC survey

7/24/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Mortgage Rates Canada, Variable Rate Mortgages

How are mortgages keeping inflation high?

7/15/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with high ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Inflation Rate, Mortgage Consumers