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Bank of Canada News and Articles | My Blog

BMO forecasts 1.50% BoC rate by year-end if U.S. imposes tariffs on Canada

2/4/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by ... More


Banking giant calls for emergency BoC rate cut

2/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News Economists say central bank could make oversized inter-meeting reduction as Canadians come to terms with Trump's tariffs. ... More


Bank of Canada cuts rates in first decision of 2025

1/29/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The central bank said on Wednesday morning that it had trimmed the key rate by 25 basis points, a move that brings it to 3% but also marks a smaller reduction than its previous ... More


Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

1/29/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. ... More


Bank of Canada weighs first move of 2025

1/20/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Bank of Canada (BoC) is preparing to make its first key policy decision of the year on January 29, with Canadians eager to see whether the central bank will cut its overnight ... More


Here's what economists expect the Bank of Canada to do in 2025

1/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Economists at Canada’s major banks don’t expect interest rates to move quite as dramatically in 2025 as they did in 2024, but they still see various sources of drama ... More


Bank of Canada drops key interest rate

12/11/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected. ... More


By how much could the Bank of Canada cut rates in December?

11/26/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The Bank of Canada (BoC) is preparing for its final rate announcement of 2024 on December 11, with economists anticipating a potential further reduction in its lending rate that ... More


Hidden Bank of Canada clues point to another big cut: CIBC economists

11/22/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ... More


CMHC says risks remain in mortgage market as delinquencies creep up

11/4/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More


Five of six Canadian banks predict sharper rate cut as inflation slows

10/21/2024 | Posted in Interest Rates by Jessi Sandhu

big-6-banks-canada-317.jpg - Real Estate News Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated. ... More


Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada's next move

10/11/2024 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month. ... More


Former Bank of Canada Official Sees Jumbo Rate Cut in October

10/7/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. ... More


Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says

9/12/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession. ... More


Bank of Canada makes third rate cut in a row

9/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower. ... More


The Bank of Canada is expected to cut rates again, with U.S. Fed on deck

9/3/2024 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More


Inflation eases further in July: Bank of Canada poised for rate cut

8/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ... More


Bank of Canada seen cutting rates faster after weak U.S. jobs data

8/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More


Bank of Canada sees less risk of housing market overheating as demand softens

8/7/2024 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada sees less risk of housing market overheating due to affordability issues. ... More


Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes

7/26/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More


Bank of Canada cuts key interest rate to 4.5% with hints of more to come

7/24/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle. ... More


Inflation report "all but guarantees" a Bank of Canada rate cut next week: economists

7/16/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June. ... More


Economists say BoC could cut interest rates again in July if inflation keeps cooling

6/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More


Bank of Canada officials worry that rate cuts may overheat the housing market

6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ... More


Bank of Canada cuts key rate for first time in more than 4 years

6/5/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. ... More


Bank of Canada considered waiting until July to cut interest rates

6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... More


June rate cut still a "close call" despite lower inflation in April

5/21/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-84.jpg - Real Estate News Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month. ... More


Bank of Canada set for June rate cut, diverging from Fed

5/2/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

Bank-of-Canada-4.jpg - Real Estate News Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy ... More


Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists

4/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer. ... More


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