Mortgage Blog

Bank of Canada Rate Announcement - April 13, 2022

Bank of Canada Rate Announcement - April 13, 2022

April 13, 2022 | Posted by: Ken Fadel

Earlier today as expected, the BoC took direct aim at inflation by increasing its benchmark overnight rate by 50 bps to 1.00%. This is the first time in 22 years that the overnight rate increased by 5 ...

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Bank of Canada Rate Announcement - March 2, 2022

Bank of Canada Rate Announcement - March 2, 2022

March 2, 2022 | Posted by: Ken Fadel

As widely expected, the BoC has announced a 25 bps increase to its benchmark interest rate, which now sits at 0.50%, marking the first time this rate has increased since 2018 and signalling the end of ...

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Bank of Canada Rate Announcement - January 26, 2022

Bank of Canada Rate Announcement - January 26, 2022

January 26, 2022 | Posted by: Ken Fadel

The BoC has once again left its benchmark policy rate unchanged at 0.25% in its first announcement of the year but also indicated that it would soon end its commitment to hold its policy rate at the e ...

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Bank of Canada Rate Announcement - December 8, 2021

Bank of Canada Rate Announcement - December 8, 2021

January 26, 2022 | Posted by: Ken Fadel

The Bank of Canada has once again stayed the course on interest rates in its final scheduled announcement of the year, keeping its target for the overnight rate unchanged at 0.25% and maintaining its ...

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Bank of Canada Rate Announcement - October 27, 2021

Bank of Canada Rate Announcement - October 27, 2021

January 26, 2022 | Posted by: Ken Fadel

The BoC made its seventh interest rate decision of 2021 and for the seventh time, left its target overnight benchmark unchanged at 0.25%. This rate has remained unchanged since March 2020.  Th ...

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Bank of Canada Rate Announcement - September 8, 2021

Bank of Canada Rate Announcement - September 8, 2021

January 26, 2022 | Posted by: Ken Fadel

The BoC made its sixth interest rate decision of 2021 and was the case for the previous five, left its target for the overnight rate unchanged at 0.25%. This rate has sat at this lever since March 202 ...

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Bank of Canada Rate Announcement - July 14, 2021

Bank of Canada Rate Announcement - July 14, 2021

January 26, 2022 | Posted by: Ken Fadel

The BoC published its quarterly Monetary Policy Report today which contained updated growth and inflation projections in addition to its fifth interest rate decision of 2021. As expected, the BoC lef ...

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Bank of Canada Rate Announcement - June 9, 2021

Bank of Canada Rate Announcement - June 9, 2021

January 26, 2022 | Posted by: Ken Fadel

This morning the BoC again left its target overnight benchmark rate unchanged at 0.25%.  It also provided some positive thoughts on both the state and outlook of the Canadian economy. First quar ...

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Bank of Canada Rate Announcement - March 10, 2021

Bank of Canada Rate Announcement - March 10, 2021

January 26, 2022 | Posted by: Ken Fadel

The BoC kept its target for the overnight rate unchanged at 0.25% and reiterated its commitment to keeping it there, delaying any potential policy changes. In a statement released today, the BoC agai ...

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Bank of Canada Rate Announcement - April 21, 2021

Bank of Canada Rate Announcement - April 21, 2021

January 26, 2022 | Posted by: Ken Fadel

As the improved outlook for both the domestic economy and the global financial system continue to improve, the BoC today announced that it will keep its target for the overnight rate at 0.25% and will ...

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