Bank Of Canada Rate
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Interest rates expected to stay higher for longer. What that means for your mortgageBorrowers 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 CanadaConsumerOct 2
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Inflation uptick could mean interest rates stay higher for longerNew economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.MoneySep 28
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Bank of Canada worried about raising hopes for rate cuts in latest decisionThe 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.MoneySep 20
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Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s MacklemTiff 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.MoneySep 7
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Bank of Canada holds key rate but leaves door open to future hikesThe Bank of Canada's benchmark interest rate remained unchanged on Wednesday amid signs the economy could be slowing enough to tame inflation.CanadaSep 6
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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.EconomySep 5
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‘Unpredictable’ Bank of Canada looms over fall housing market. Here’s whyCanada'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.MoneySep 5
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Why some Canadians are ‘pooling their resources’ to afford a homeSome 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.MoneyAug 31
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Higher interest rates tend to mean better savings. How to take advantageAs 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.MoneyJul 27
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‘Increasing demand’ for secondary units as homebuyers grapple with rate hikesCanada has recently seen a ramp up in construction of secondary suites, like basement apartments and laneway homes. There is growing appeal to buy them, real estate experts say.CanadaJul 22
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