BoC Interest Rate

• Variable mortgages cost Canadians tens of thousands amid high rates. Is the risk worth it?

  The 10 rate hikes in the past year-and-a-half have left many Canadians feeling squeeze, but those with variable rate mortgages have perhaps felt the biggest pinch.

  Canada

  Sep 21, 2023
  
• ‘Cost of living, food, gasoline’: Bank of Canada’s interest rate change a worry for some

  The latest interest rate hike was designed to help prevent inflation from getting stuck above the bank's 2.0 per cent target, but higher rates will have an impact on families.

  Canada

  Jun 7, 2023
  
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• 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%, sees 7.8% GDP drop this year

  Canada's central bank said its forecasts could be thrown off significantly if there is a second wave of novel coronavirus pandemic.

  Money

  Jul 15, 2020
• Bank of Canada holds interest rate at 1.75% as global trade conflicts cause uncertainty

  The central bank's overnight rate target has been set at 1.75 per cent since October of last year.

  Economy

  Dec 4, 2019
• 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 holds key interest rate at 1.75%, downgrades economic forecast

  In its announcement today, the central bank removed any mention of a need for future interest rate increases.

  Money

  Apr 24, 2019
• Bank of Canada leaves key interest rate unchanged at 1.75%

  Canada's central bank cited concerns about both the global economy and the domestic economic environment.

  Money

  Mar 6, 2019
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• Bank of Canada governor Poloz says pace of future rate hikes ‘highly uncertain’

  The central bank has left its trend-setting interest rate unchanged at 1.75 per cent since last October.

  Money

  Feb 21, 2019
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• Bank of Canada keeps key rate at 1.75%, downgrades economic forecast

  Amid a clouding economy outlook, the bank is pushing the pause button.

  Money

  Jan 9, 2019