6/9/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing ... More

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  5/19/2021 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada may have to adjust its view of its long-term neutral policy rate once a torrent of pent-up household savings is unleashed once pandemic restrictions are eased ... More

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  5/12/2021 | Posted in Home Buyers by Kit Blott
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Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and ... More

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  4/22/2021 | Posted in Interest Rates by Kit Blott
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Bank of Canada announced that it will hold its target for the overnight rate at the effective lower bound of 0.25%, and that it will be adjusting its weekly net purchases of ... More

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  4/21/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada announced that it will pare back asset purchases by one-quarter and indicated that it’s moving up its expected timeline for interest-rate hikes, citing a ... More

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  4/8/2021 | Posted in Home Buyers by Kit Blott
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Canada's financial regulator, which has been planning changes in its four-year-old mortgage stress test, on Thursday proposed making it tighter, following concerns that the ... More

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  3/11/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. ... More

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  3/10/2021 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada left interest rates and its asset purchase program unchanged, in a decision that may dampen speculation of an imminent paring back of its stimulus campaign. ... More

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  1/20/2021 | Posted in Mortgage Interest Rates by Kit Blott
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

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  1/13/2021 | Posted in Mortgage Interest Rates by Kit Blott
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 cases ... More

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  12/11/2020 | Posted in Mortgage Interest Rates by Kit Blott
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates ... More

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  12/9/2020 | Posted in Mortgage Interest Rates by Kit Blott
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

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  10/28/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada held the rate steady at 0.25 per cent and said the country’s economy won’t fully absorb slack in the economy before 2023, suggesting it will ... More

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  9/9/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada reiterated its pledge to keep interest rates at historic lows for years to come, but dialed back its willingness to take even more aggressive action and said it ... More

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  7/15/2020 | Posted in Mortgage Interest Rates by Kit Blott
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. ... More

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  6/3/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

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  5/24/2020 | Posted in Home Buyers by Kit Blott
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The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04 to 4.94 percent according a new report. ... More

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  3/27/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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. ... More

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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 ... More

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  3/4/2020 | Posted in Mortgage Interest Rates by Kit Blott
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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 ... More

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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 ... More

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  2/19/2020 | Posted in Mortgages and Real Estate by Kit Blott
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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 ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

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  12/5/2019 | Posted in Canadian Economy and Interest Rates by Kit Blott
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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 ... More

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  11/29/2019 | Posted in Mortgage Interest Rates by Kit Blott
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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. ... More

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  10/30/2019 | Posted in Interest Rates by Kit Blott
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More

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  9/4/2019 | Posted in Interest Rates by Kit Blott
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More

Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Kit Blott
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

Real Estate & Mortgage News

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Kit Blott
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

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