Mortgage Blog

Bank of Canada Rate Announcement - April 16, 2025

April 16, 2025 | Posted by: Crescent Mortgage Corp.

The BoC stood on the sidelines today leaving its target for the overnight rate unchanged at 2.75%. Major shifts to US trade policy and the continuing unpredictability of tariffs have dramatically inc ...

Bank of Canada Rate Announcement - March 12, 2025

March 12, 2025 | Posted by: Crescent Mortgage Corp.

This morning the BoC reduced its target for the overnight rate by 25 bps to 2.75%. Our economy entered the new year in a solid position, with inflation near its 2% target and healthy GDP growth. Howe ...

Bank of Canada Rate Announcement - January 29, 2025

January 29, 2025 | Posted by: Crescent Mortgage Corp.

The BoC reduced its target for the overnight rate 25 bps rate today to 3.00%. This is the Bank’s sixth consecutive rate cut. Projections published today were subject to greater uncertaint ...

Bank of Canada Rate Announcement - December 11, 2024

December 11, 2024 | Posted by: Crescent Mortgage Corp.

This morning the BoC reduced its target for the overnight rate by 50 bps to 3.25%. This drop was widely expected after the release of weak labour data for November. The economy onl ...

Bank of Canada Rate Announcement - October 23, 2024

October 23, 2024 | Posted by: Ken Fadel

As widely expected, the BoC reduced its target for the overnight rate by 50 bps this morning to 3.75%. Our economy grew at around 2% in the first half of 2024 and is expected to grow by about 1 ...

Bank of Canada Rate Announcement - September 4, 2024

September 4, 2024 | Posted by: Ken Fadel

The BoC lowered its key interest rate another 25 bps points to 4.25%. This marked the third straight decrease as was inline with market expectations. The BoC reiterated that it is “reason ...

Bank of Canada Rate Announcement - July 24, 2024

July 24, 2024 | Posted by: Ken Fadel

As was widely expected, the BoC just reduced its target for the overnight rate to 25 bps to 4.50%. This is the second consecutive rate drop announcement. The global economy is expected to conti ...

Bank of Canada Rate Announcement - April 10, 2024

April 10, 2024 | Posted by: Ken Fadel

As expected, the BoC has held its overnight target rate at 5.00% for a sixth consecutive time, as it continues to weigh the inflation outlook and whether the economy is slowing at a desired pace. The ...

Bank of Canada Rate Announcement - March 6, 2024

March 6, 2024 | Posted by: Ken Fadel

Today, the BoC maintained its target for the overnight at 5.0% (where it has stood since July 2023), noting it remains concerned about the risks of inflation, even as the Consumer Price Index (CPI) ca ...

Bank of Canada Rate Announcement - January 24, 2024

January 24, 2024 | Posted by: Ken Fadel

The BoC cited the ongoing risk of inflation for its decision to maintain its overnight benchmark interest rate at 5.0%. CPI inflation ended the year at 3.4% and the Bank expects inflation to remain c ...

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