Bank of Canada

Bank of Canada May 2019

Interest Rates Stay at Status Quo in Bank of Canada May Announcement

The Bank of Canada has held its trend-setting Overnight Lending Rate at 1.75% for the sixth time in a row this… Read More »

Bank of Canada April Rate

Bank of Canada Holds Rate at 1.75% in April Announcement

The Bank of Canada (BoC) has stuck to a slow-but-steady stance in its April announcement, holding its trend-setting Overnight Lending… Read More »

Bank of Canada March

Bank of Canada Backs Away from Rate Hike Strategy in March Announcement

The Bank of Canada (BoC) officially turned dovish in today’s scheduled rate announcement, keeping its trend-setting Overnight Lending Rate untouched at… Read More »

Bank of Canada holds January rate

Bank of Canada Holds January Rate as Low Oil Prices Persist

Lingering pain in the oil sector continues to derail the Bank of Canada’s plans, with lower-than-expected prices hampering economic growth… Read More »

BoC December Announcement

No Change for Mortgage Rates in BoC December Announcement

The Bank of Canada, which sets the cost of borrowing for the nation’s consumer lenders, opted to leave interest rates… Read More »

Bank of Canada Hikes Interest Rate

Bank of Canada Hikes Interest Rate to 1.75% in October Announcement

Get ready, mortgage borrowers – interest rates are on the rise again. The Bank of Canada (BoC) has hiked its… Read More »

BoC holds rate in September announcement

The BoC Holds Rate in September Announcement, But More Hikes to Come

The Bank of Canada has opted to leave its trend-setting Overnight Lending Rate untouched this month, after hiking it by… Read More »

Bank of Canada hikes rate to 1.5

Bank of Canada Hikes Rate to 1.5% in July Announcement

Growing trade volatility and tariff threats weren’t enough to sway the Bank of Canada from its upward swing: the central… Read More »

Bank of Canada holds May rate

Bank of Canada Holds May Rate – but Hike is on Horizon

It’s not a question of if, but when. The Bank of Canada held its trend-setting interest rate at 1.25 per… Read More »

Higher Bank of Canada Rates

How Will Higher Bank of Canada Rates Impact Your Mortgage?

As expected, the Bank of Canada hiked its target for the overnight rate Wednesday morning, giving current and potential homebuyers… Read More »