5/24/2023 | Posted in Mortgage Interest Rates by Ron Hyde
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The central bank has kept the policy rate frozen at 4.5% in its two most recent meetings ... More
3/27/2020 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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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
3/17/2020 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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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
3/4/2020 | Posted in Mortgage Interest Rates by Ron Hyde
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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
3/2/2020 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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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
2/19/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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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
1/22/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More
12/31/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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TD economists says the cost of servicing debts should ease early in 2020 ... More
12/5/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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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
11/29/2019 | Posted in Mortgage Interest Rates by Ron Hyde
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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
10/30/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More
9/4/2019 | Posted in Interest Rates by Ron Hyde
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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
8/20/2019 | Posted in Interest Rates by Ron Hyde
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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
7/10/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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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
7/3/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More
6/20/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More
5/29/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada today maintained its target for the overnight rate. ... More
5/27/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More
5/21/2019 | Posted in Interest Rates by Ron Hyde
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Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know ... More
4/24/2019 | Posted in Interest Rates by Ron Hyde
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Bank of Canada keeps rates steady, cuts language about future hikes. ... More
4/3/2019 | Posted in Mortgages and Real Estate by Ron Hyde
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More
4/2/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Poloz's optimism Monday about the future could ease speculation the central bank could lower rates. ... More
3/15/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada will likely hold off raising interest rates through all of 2020, and could even cut rates later this year, according to TD Securities’ senior rates ... More
3/6/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada (BoC) is keeping its key interest rate target on hold at 1.75 per cent on Wednesday, citing concerns about the global economy and Canada’s own recent ... More
2/28/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More
2/25/2019 | Posted in Interest Rates by Ron Hyde
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The Bank of Canada began raising its key overnight lending rate in July 2017 and it’s now at the highest level in a decade. Accustomed to historically low and even negative ... More
2/22/2019 | Posted in Interest Rates by Ron Hyde
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Stephen Poloz says the upward path for interest rates is 'uncertain'. ... More
1/16/2019 | Posted in Interest Rates by Ron Hyde
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What the Bank of Canada's decision to hold its key rate means for borrowers and savers. ... More
1/14/2019 | Posted in Canadian Economy and Interest Rates by Ron Hyde
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The central bank will most likely refrain from further hikes “given increased market volatility and more restrictive financial conditions. ... More
1/9/2019 | Posted in Mortgage Interest Rates by Ron Hyde
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More
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