BoC Rate Announcement

• Interest rates are headed up. What it means for variable and fixed mortgage rates

  Whether you're shopping for a home or about to renew your mortgage, here's what to know.

  Money

  Oct 27, 2021
  
• Bank of Canada keeps key rate at 0.25%, sees ‘slow and choppy’ recovery ahead

  After a strong initial bounce-back, the rest of the economic recovery to be prolonged and uneven, Canada's central bank predicted.

  Money

  Sep 9, 2020
  
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• Bank of Canada keeps key rate at 0.25%, upgrades economic forecast

  Canada's central bank said the impact of the novel coronavirus pandemic on the global economy appears to have peaked.

  Money

  Jun 3, 2020
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• Bank of Canada keeps rates at 1.75%, trims 2020 economic forecast

  The central bank is projecting growth of just 1.6 per cent this year.

  Money

  Jan 22, 2020
• Bank of Canada holds rate at 1.75%, says Canada’s ‘resilience’ will be ‘tested’

  Unlike other advanced economies, Canada is not cutting interest rates just yet. But our resilience in the face of a slowing global economy will be 'increasingly tested,' the central bank said.

  Money

  Oct 30, 2019
• Bank of Canada keeps interest rate at 1.25%, but economists predict hike in July

  The tone of the latest interest rate announcement suggests the bank is gearing up for a second interest rate increase this year on July 11.

  Money

  May 30, 2018