Mortgage Blog
Bank of Canada Rate Announcement - September 6, 2023
September 6, 2023 | Posted by: Ken Fadel
The BoC hit pause on interest rate hikes this morning, leaving its target for the overnight rate unchanged at 5.00%. After increases in both June and July this is the first indication that it believes ...
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Bank of Canada Rate Announcement - July 12, 2023
July 12, 2023 | Posted by: Ken Fadel
As expected, the BoC just increased its target for the overnight rate 25 bps to 5.00%, a level not seen in 22 years. While energy and goods inflation continue to slowly ease, robust demand and tight ...
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Bank of Canada Rate Announcement - June 7, 2023
June 7, 2023 | Posted by: Ken Fadel
The Bank of Canada has hiked its overnight target rate by 25 basis points to 4.75%. The move was partially expected by markets and marks the Bank’s first rate hike since January. In its statem ...
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Bank of Canada Rate Announcement - April 12, 2023
April 12, 2023 | Posted by: Ken Fadel
The BoC announced no change to its benchmark interest rate today, leaving its key rate untouched at 4.50% for a second consecutive month as it continues a careful pivot away from its rate-hiking traje ...
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Bank of Canada Rate Announcement - March 8, 2023
March 8, 2023 | Posted by: Ken Fadel
As predicted, the BoC today held its target for the overnight rate at 4.50%. This is the first break in rate increases since March of last year. The global economy has evolved broadly in line w ...
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Bank of Canada Rate Announcement - January 25, 2023
January 25, 2023 | Posted by: Ken Fadel
As was widely expected, the BoC has announced another 0.25% increase to its target for the overnight rate today. This is the eighth consecutive increase, though it may be the last for awhile.&nb ...
read moreBank of Canada Rate Announcement - December 7, 2022
December 7, 2022 | Posted by: Ken Fadel
The Bank of Canada announced another 50 bps hike to its benchmark rate today, raising the overnight rate to 4.25%. This latest hike sees the rate sitting at a level not seen since 2008. 20 ...
read moreBank of Canada Rate Announcement - October 26, 2022
October 26, 2022 | Posted by: Ken Fadel
The BoC has announced a further 50 bps hike to its benchmark rate today, marking a sixth consecutive increase as it continues to aggressively target inflationary pressures. The rate now sits at ...
read moreBank of Canada Rate Announcement - September 7, 2022
September 7, 2022 | Posted by: Ken Fadel
As expected, the BoC today increased its target for the overnight rate 75 bps to 3.25%, the highest policy rate among major advanced economies. This marks the fifth consecutive rate hike by the ...
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July 13, 2022 | Posted by: Ken Fadel
The BoC raised its key policy interest rate a full percentage point this morning to 2.5%, the largest increase of this size since 1998. This is the fourth consecutive hike to the BoC’s ben ...
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