Mortgage Blog
Bank of Canada Rate Annoucement - January 9, 2019
January 9, 2019 | Posted by: Ken Fadel
The BoC kept its target for the overnight rate unchanged in the face of a new gloomier forecast that indicates the country's economy is quickly slowing down. As was the case in December, the BoC ...
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Bank of Canada Rate Annoucement - September 5, 2018
September 5, 2018 | Posted by: Crescent Mortgage Corp.
The BoC decided to take a break from its recent pattern of increasing rates and will instead wait to see the fallout from NAFTA discussions. The target for the overnight rate remains unchanged a ...
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Bank of Canada Rate Annoucement - July 11, 2018
July 11, 2018 | Posted by: Crescent Mortgage Corp.
As tariff battles wage on between the US and its key trading partners, the BoC has announced it is raising its benchmark interest rate 25 bps to 1.50%. This is the fourth hike in the past y ...
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Bank of Canada Rate Announcement - May 30, 2018
May 30, 2018 | Posted by: Crescent Mortgage Corp.
The BoC kept its key interest rate unchanged again today at 1.25%, pointing to trade uncertainty, a housing slowdown and increasing “stress” in emerging markets. However, i ...
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Bank of Canada Rate Announcement - March 18, 2018
April 18, 2018 | Posted by: Crescent Mortgage Corp.
The Bank of Canada kept its key overnight target rate unchanged at 1.25% today as it recognized weakness seen in housing and investment in exports Despite the fact many of the key ingredients for are ...
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Bank of Canada Rate Announcement - March 7, 2018
March 7, 2018 | Posted by: Crescent Mortgage Corp.
As was expected, the BoC kept its key target for the overnight rate unchanged at 1.25% this morning. This following three rate hikes since June 2017. This apparent relaxed approach t ...
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Bank of Canada Rate Announcement - December 6, 2017
December 6, 2017 | Posted by: Crescent Mortgage Corp.
The Bank of Canada kept its target for the overnight rate steady today at 1.00%, but it highlighted cautious warnings to Canadians that increases are probably upcoming. In its announcement, the ...
read moreBank of Canada Rate Announcement - October 25, 2017
October 25, 2017 | Posted by: Crescent Mortgage Corp.
The BoC left its benchmark target interest rate unchanged today after two straight hikes, but did suggest that future “gradual” increases are still likely. In its announcement, the BoC st ...
read moreBank of Canada Rate Announcement - April 12, 2017
April 12, 2017 | Posted by: Crescent Mortgage Corp.
As expected, the overnight rate was kept unchanged at 0.5% by the BoC. It has remained at this level since July of 2015. However more importantly, the Bank has signaled that its first in ...
read moreBank of Canada Rate Announcement - March 1, 2017
March 1, 2017 | Posted by: Crescent Mortgage Corp.
The Bank of Canada continued its cautious ways this morning keeping its key interest rate target unchanged at 0.50%, a level it has remained at since July 2015. “The bank’s governing coun ...
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