Mortgage rate announcements

After weeks of will-they-won’t-they speculation, the Bank of Canada announced Wednesday morning it’s raising its overnight lending rate by a quarter of a percentage point to 1.25%. “Recent data have been strong, inflation is close to … Read More

Following back-to-back interest rate hikes, the Bank of Canada announced Wednesday it’s taking a breather and holding its overnight lending rate at 1%. After nearly seven years of ultra-low interest rates, the country’s central bank 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

This morning, the Bank of Canada (BoC) announced it would maintain the target for the overnight lending rate at 0.50%, where it’s been since July 2015. The scheduled announcement followed weeks of “will they or won’t … Read More