Bank of Canada Drops Policy Rate to 2.25%
The Bank of Canada made its second consecutive rate cut today, dropping the benchmark interest rate by another 25 basis points to 2.25%. With the […]
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Bank of Canada Drops Policy Rate to 2.5%
We’re in a tricky economic moment, one of those “not quite here, not quite there” phases where central banks are walking a tightrope. Inflation remains […]
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Bank of Canada Holds Policy Rate at 2.75%
Despite earlier predictions of additional rate cuts, the Bank of Canada has opted to keep its policy interest rate steady at 2.75%, with the prime […]
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Rate Update: What’s Really Going On
The Bank of Canada held its policy rate steady at 2.75%, catching many by surprise. Economists had been predicting a few more cuts this year, […]
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Mortgage Penalties
One of the most misunderstood parts of having a mortgage is how mortgage penalties work, especially if you didn’t work with a mortgage broker. And […]
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Mortgage Rates, Tariffs & World Economies
Do you have a variable-rate mortgage or a home equity line of credit? The Bank of Canada has announced a rate cut—its key interest rate […]
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Variable or Fixed Rate Mortgage?
As expected, the Bank of Canada has lowered its benchmark interest rate to 4.25%. Now, the prime lending rate is 6.45%. With rates decreasing, my […]
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Bank of Canada Rate Announcement: March 6, 2024
Today’s Bank of Canada announcement gives us a bit of a breather. The overnight target rate didn’t budge, hanging tight at 5.00%. This keeps the […]
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Bank of Canada Rate Announcement
As November approaches and the Bank of Canada announced no changes to the overnight rate yesterday, now is a great time to learn what to […]
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