Mortgage Blog
Bank of Canada Rate Announcement - June 4, 2025
June 4, 2025 | Posted by: Crescent Mortgage Corp.
As expected, the BoC left its target for the overnight rate unchanged today at 2.75%. This decision was driven by the uncertainty surrounding US tariffs and some unexpected firmness in recent in ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
read moreBank 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 ...
read moreBank 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 ...
read moreBank 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 ...
read moreBank 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 ...
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