Mortgage Blog

Bank of Canada Rate Announcement - October 26, 2022

Bank of Canada Rate Announcement - October 26, 2022

October 26, 2022 | Posted by: Ken Fadel

The BoC has announced a further 50 bps hike to its benchmark rate today, marking a sixth consecutive increase as it continues to aggressively target inflationary pressures.  The rate now sits at ...

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Bank of Canada Rate Announcement - September 7, 2022

Bank of Canada Rate Announcement - September 7, 2022

September 7, 2022 | Posted by: Ken Fadel

As expected, the BoC today increased its target for the overnight rate 75 bps to 3.25%, the highest policy rate among major advanced economies.  This marks the fifth consecutive rate hike by the ...

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Bank of Canada Rate Announcement - July 13, 2022

Bank of Canada Rate Announcement - July 13, 2022

July 13, 2022 | Posted by: Ken Fadel

The BoC raised its key policy interest rate a full percentage point this morning to 2.5%, the largest increase of this size since 1998.  This is the fourth consecutive hike to the BoC’s ben ...

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Bank of Canada Rate Announcement - June 1, 2022

Bank of Canada Rate Announcement - June 1, 2022

June 1, 2022 | Posted by: Ken Fadel

To no one’s surprise, the BoC just increased it’s target benchmark rate 50 bps to 1.50%.  While the 50-basis-point hike was expected, the language in the BoC’s statement suggest ...

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Bank of Canada Rate Announcement - April 13, 2022

Bank of Canada Rate Announcement - April 13, 2022

April 13, 2022 | Posted by: Ken Fadel

Earlier today as expected, the BoC took direct aim at inflation by increasing its benchmark overnight rate by 50 bps to 1.00%. This is the first time in 22 years that the overnight rate increased by 5 ...

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Bank of Canada Rate Announcement - March 2, 2022

Bank of Canada Rate Announcement - March 2, 2022

March 2, 2022 | Posted by: Ken Fadel

As widely expected, the BoC has announced a 25 bps increase to its benchmark interest rate, which now sits at 0.50%, marking the first time this rate has increased since 2018 and signalling the end of ...

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Bank of Canada Rate Announcement - January 26, 2022

Bank of Canada Rate Announcement - January 26, 2022

January 26, 2022 | Posted by: Ken Fadel

The BoC has once again left its benchmark policy rate unchanged at 0.25% in its first announcement of the year but also indicated that it would soon end its commitment to hold its policy rate at the e ...

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Bank of Canada Rate Announcement - December 8, 2021

Bank of Canada Rate Announcement - December 8, 2021

January 26, 2022 | Posted by: Ken Fadel

The Bank of Canada has once again stayed the course on interest rates in its final scheduled announcement of the year, keeping its target for the overnight rate unchanged at 0.25% and maintaining its ...

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Bank of Canada Rate Announcement - October 27, 2021

Bank of Canada Rate Announcement - October 27, 2021

January 26, 2022 | 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 Announcement - September 8, 2021

Bank of Canada Rate Announcement - September 8, 2021

January 26, 2022 | 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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