Mortgage Blog
Bank of Canada Rate Announcement - October 29, 2025
October 29, 2025 | Posted by: Crescent Mortgage Corp.
With ongoing weakness in the economy and inflation expected to remain close to its target, the BoC reduced its target for the overnight rate by 25 bps to 2.25% While the global economy remains resili ...
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Bank of Canada Rate Announcement - September 17, 2025
September 17, 2025 | Posted by: Crescent Mortgage Corp.
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.50%. This move was largely expected by financial markets and represents the BoC’s first cut since ...
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Bank of Canada Rate Announcement - July 30, 2025
July 30, 2025 | Posted by: Crescent Mortgage Corp.
As was widely expected, the BoC maintained its target for the overnight at 2.75% today, as policymakers confront persistent inflation pressures and a mixed bag of economic signals.This marks a third c ...
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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 ...
read moreBank 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 ...
read moreBank 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 ...
read moreBank 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 ...
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