Mortgage Blog

Bank of Canada Rate Annoucement - October 27, 2021

Bank of Canada Rate Annoucement - October 27, 2021

October 27, 2021 | 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 Annoucement - September 8, 2021

Bank of Canada Rate Annoucement - September 8, 2021

September 8, 2021 | 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 Annoucement - July 14, 2021

Bank of Canada Rate Annoucement - July 14, 2021

July 14, 2021 | 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 Annoucement - June 9, 2021

Bank of Canada Rate Annoucement - June 9, 2021

June 9, 2021 | 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 Annoucement - April 21, 2021

Bank of Canada Rate Annoucement - April 21, 2021

April 21, 2021 | 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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Bank of Canada Rate Annoucement - March 10, 2021

Bank of Canada Rate Annoucement - March 10, 2021

March 10, 2021 | 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 - January 20, 2021

Bank of Canada Rate Announcement - January 20, 2021

January 20, 2021 | Posted by: Ken Fadel

In its first announcement of 2021, the BoC left its target for the overnight benchmark rate unchanged at 0.25%.  Prior to the announcement, there was some speculation that the Bank would make a & ...

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Bank of Canada Rate Announcement - December 9, 2020

Bank of Canada Rate Announcement - December 9, 2020

January 20, 2021 | Posted by: Ken Fadel

The BoC once again held its target overnight rate at 0.25% and reiterated an earlier pledge to keep it at that level until 2023.  As the economy is battered by a second wave of COVID-19 the bank ...

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Bank of Canada Rate Announcement - October 28, 2020

Bank of Canada Rate Announcement - October 28, 2020

January 20, 2021 | Posted by: Ken Fadel

The BoC left its target for the overnight rate unchanged today at 0.25%.  Furthermore they announced that they will hold the policy interest rate at this level until the slack in the economy ...

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Bank of Canada Rate Announcement - September 9, 2020

Bank of Canada Rate Announcement - September 9, 2020

January 20, 2021 | Posted by: Ken Fadel

The BoC left its key interest rate target unchanged today but hinted at adjusting its government-bond-purchasing programs as the post-lockdown economic rebound has been stronger than expected. In the ...

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