The US Federal Reserve – the American central bank counterpart to the Bank of Canada (BoC) – held its trend-setting federal funds rate unchanged in a range of 5.25 – 5.5% on May 1.
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On April 10, the Bank of Canada (BoC) announced it was holding its trend-setting Overnight Lending Rate – the benchmark used to set the Prime …
Read articleOne step forward, two steps back – that seems to be the overarching theme for Canada’s inflation fight. The March report released this morning …
Read articleThere’s little change on the horizon for Canadian mortgage rates. The Bank of Canada announced this morning that it is keeping its trend-setting …
Read articleIt’s another battle won amid the Bank of Canada inflation war – the February Consumer Price Index (CPI) report released this morning by Statistics …
Read articleDespite steadily rising borrowing costs over the last two years, Canadian mortgage borrowers have been lauded for their ability to keep up with their payments – but new data shows cracks may be starting to form.
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