Borrowing Rates

• B.C. Premier David Eby asks Bank of Canada to freeze hikes to interest rates

  In writing directly to Governor Tiff Macklen, Eby said another rate hike would hurt mortgage holders with expired or soon to expire policies as well as those with variable rates.

  Economy

  Aug 31, 2023
  
• Bank of Canada hikes key interest rate 50 basis points for 1st time in 22 years

  The Bank of Canada is raising its key interest rate by half a percentage point, up to an even one per cent, in its first move of that magnitude in more than 20 years.

  Economy

  Apr 13, 2022
  
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• Have high home prices stalled your ownership dream – or scrapped it?

  Stalled or scrapped ownership dreams: It's a reality confronting more buyers in the Toronto and Vancouver areas this spring as prices spiral higher and higher.

  Canada

  Feb 29, 2016
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• Loonie headed toward 71 cents US — and could stay there till 2017

  If you’ve been holding back buying some U.S. greenbacks hoping the loonie will bounce back a bit, you’ve got a window of about four weeks to do so: experts.

  Canada

  Nov 16, 2015
• Bank of Canada holds rates low, warns over ‘hot housing market’

  The Bank of Canada is keeping its trend-setting interest rate at 1 per cent, as expected. But it's nervous over rising debt and home prices.

  Canada

  Oct 22, 2014
• Infographic: Debt levels jump sharply east of Ontario

  Fresh figures show consumers in provinces east of Ontario have ratcheted up average debt loads, even if they’re among the least able to afford it.

  Canada

  Sep 4, 2014
• BoC keeps overnight interest rate at 1%

  The Bank of Canada is keeping its trend-setting interest rate at one per cent, saying economic conditions had worsened.

  Money

  Jun 4, 2014
• Russia credit rating cut amid Ukraine crisis

  Russia felt the impact of the Ukrainian crisis on its economy Friday when a global ratings agency cut its credit grade for the first time in five years.

  Money

  Apr 25, 2014
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• Expect low interest rates for years: Poloz

  Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — perhaps years, Bank of Canada Governor Stephen Poloz says.

  Money

  Apr 24, 2014
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• Yellen: Job market needs low rates ‘for some time’

  U.S. Federal Reserve Chair Janet Yellen says she thinks the still-subpar U.S. job market will continue to need the help of low interest rates.

  Money

  Mar 31, 2014