Bank Of Canada Rate

• Bank of Canada signals rates might have peaked. What comes next?

  The Bank of Canada kept its benchmark interest rate steady at 5.0 per cent on Wednesday and hinted that its tightening cycle might have peaked, though inflation remains a concern.

  Money

  Jan 24
  
• Interest rates expected to stay higher for longer. What that means for your mortgage

  Borrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of Canada

  Consumer

  Oct 2, 2023
  
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• Inflation uptick could mean interest rates stay higher for longer

  New economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.

  Money

  Sep 28, 2023
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• Bank of Canada worried about raising hopes for rate cuts in latest decision

  The Bank of Canada’s governing council worried that the decision to hold rates steady on Sept. 6 could be 'misinterpreted' as a sign that the rate tightening cycle was finished.

  Money

  Sep 20, 2023
• Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s Macklem

  Tiff Macklem says the Bank of Canada’s work to tame inflation with restrictive interest rates is working, but momentum in those efforts might be slowing.

  Money

  Sep 7, 2023
• Bank of Canada holds key rate but leaves door open to future hikes

  The Bank of Canada's benchmark interest rate remained unchanged on Wednesday amid signs the economy could be slowing enough to tame inflation.

  Canada

  Sep 6, 2023
• Bank of Canada faces political pressure to hold rates. But will it matter?

  The Bank is set to make its next interest rate decision Wednesday and is widely expected to hold steady as the economy begins to buckle under the weight of higher interest rates.

  Economy

  Sep 5, 2023
• ‘Unpredictable’ Bank of Canada looms over fall housing market. Here’s why

  Canada's housing market is expected to stall in the fall amid a lack of inventory and ongoing uncertainty around the central bank's interest rates, according to Re/Max.

  Money

  Sep 5, 2023
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• Why some Canadians are ‘pooling their resources’ to afford a home

  Some six per cent of Canadians co-own their home with someone other than a spouse or partner, according to Royal LePage, which says the trend is growing.

  Money

  Aug 31, 2023
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• Higher interest rates tend to mean better savings. How to take advantage

  As higher interest rates raise the cost of borrowing, Canadians can often find better deals on savings accounts. Here's where to look to maximize your savings.

  Money

  Jul 27, 2023