Mortgage Blog

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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Bank of Canada Rate Announcement - July 15, 2020

Bank of Canada Rate Announcement - July 15, 2020

January 20, 2021 | Posted by: Ken Fadel

As expected, the Bank of Canada announced today that it is holding its target for the Overnight Rate at 0.25%. This is new Governor Tiff Macklem’s first policy decision since taking over on June ...

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Bank of Canada Rate Announcement - March 13, 2020

Bank of Canada Rate Announcement - March 13, 2020

January 20, 2021 | Posted by: Ken Fadel

The BoC has made an unexpected rate cut, cutting it's target rate for the overnight rate another 50 bps to 0.75%.   The benchmark rate was cut to 1.25% less than 10 days ago. 'This unschedu ...

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Bank of Canada Rate Announcement - March 4, 2020

Bank of Canada Rate Announcement - March 4, 2020

January 20, 2021 | Posted by: Ken Fadel

The BoC cut its target for the overnight rate by 50 basis points today in response to the “material negative shock” of the COVID-19 virus. The BoC lowered its key interest rate to ...

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Bank of Canada Rate Announcement - January 22, 2020

Bank of Canada Rate Announcement - January 22, 2020

January 20, 2021 | Posted by: Ken Fadel

As expected, the BoC kept its target for the overnight rate unchanged at 1.75%, a level it has remained at since October 2018. In its statement the central bank predicted weaker fourth quarter (0.3%& ...

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