Borrowing costs are poised to lower further today, as the Bank of Canada shaved another 25 basis points off of its benchmark Overnight Lending …
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As of this week, the Bank of Canada (BoC) and its American counterpart, the US Federal Reserve, are on two different paths when it comes to interest …
Read articleAnd that makes five: the Bank of Canada opted to keep its trend-setting Overnight Lending Rate at 5% today for the fifth consecutive time, further …
Read articleThe Bank of Canada has kicked off the new year with a rate hold, ushering in another holding pattern for variable-rate borrowers.
Read articleRight in time for the holidays, the Bank of Canada is gifting Canadians with rate stability – just what borrowers wanted. The central bank announced …
Read articleCanada’s banking regulator has not been shy in the past about voicing its concern over variable-rate mortgages with fixed payments, a mortgage product where a borrowers’ payment remains the same, even as the Bank of Canada increases its benchmark rate.
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