Mortgage Rate Updates

The Bank of Canada is forging ahead on tightening monetary stimulus, announcing Wednesday morning it’s raising its benchmark lending rate by a quarter of a percentage point from 0.75% to 1%. This is the second time since July that … Read More

Canada’s era of ultra-low interest rates is coming to an end. The Bank of Canada announced Wednesday morning it’s hiking its trendsetting overnight rate by a quarter of a percentage point to 0.75%, the first time … Read More

The Bank of Canada announced this morning it’s keeping its target overnight lending rate at 0.5%. Canada’s central bank hasn’t moved its trendsetting rate since July 2015, but despite growing economic optimism (oil prices have rebounded, … Read More

In its regularly scheduled interest rate announcement, the Bank of Canada said Wednesday morning it’s keeping its overnight lending rate at 0.5%. Although cautiously optimistic about Canada’s growth into 2018-19, there’s “still considerable uncertainty about the outlook,” … Read More

The U.S. Federal Reserve announced Wednesday afternoon it’s hiking the target for its overnight lending rate by a quarter of a percentage point to between 0.75% and 1%. This is only the third time the Fed has raised … Read More

No surprises this time: the Bank of Canada announced Wednesday morning it will keep the target for its overnight lending rate at 0.5%. It’s widely expected the central bank won’t budge on rates until 2018. However, in a … Read More

As expected, the Bank of Canada (BoC) announced this morning its target overnight lending rate will continue to hold steady at 0.50%. The central bank hasn’t changed its key interest rate since July 2015, with Bloomberg … Read More

The Bank of Canada (BoC) made its regularly scheduled interest rate announcement this morning, and decided to leave the target for the overnight rate at 0.50%. The BoC has held its key rate steady since it … Read More

The Bank of Canada (BoC) announced this morning it will leave the target for the overnight rate at 0.50%. The announcement was one of eight regularly scheduled interest rate announcements that take place throughout the year, … Read More

The Bank of Canada (BoC) made its regularly scheduled interest rate announcement this morning, and is choosing to hold the target for the overnight rate at 0.50%. The rate hasn’t changed since July 2015 and isn’t expected to … Read More