BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook
4/16/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two diverging scenarios for the economy, reflecting the unprecedented uncertainty triggered ...
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Bank of Canada faces fresh pressure to cut rates amid economic gloom
4/7/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Surprise employment figures and trade uncertainty raise odds of another BoC cut within weeks ...
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Further Bank of Canada cuts still likely in 2025 despite cautious language
3/25/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The central bank is treading carefully on the question of lowering rates again, but it may have no other choice ...
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Economists react to the Bank of Canada's 25-bps rate cut: What's next for rates?
3/12/2025 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada cut its overnight rate by 25 basis points to 2.75%, its seventh straight cut. While expected, the move comes as the Bank tries to navigate economic uncertainty ...
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Bank of Canada slashes rates amid tariff chaos
3/12/2025 | Posted in Interest Rates by Jessi Sandhu
The central bank has cut rates as Trump's trade war continues - and more reductions could be ahead. ...
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Bank of Canada expected to cut rate amid trade uncertainty
3/10/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States. ...
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BoC now expected to slash rates further as trade crisis escalates
3/5/2025 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada is now likely to cut interest rates at each of its next four announcements as the Canadian economy reels from the impact of Donald Trump’s tariffs, ...
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Canadian fixed, variable mortgage rates could tumble in trade war
3/5/2025 | Posted in Interest Rates by Jessi Sandhu
Trudeau says Trump is using the tariffs to destroy the Canadian economy and annex Canada as political leaders and economists weigh in on the growing crisis. As a result, the Bank ...
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CMHC predicts home sales, prices to rebound in 2025, but tariff threat clouds outlook
2/5/2025 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but says its outlook ...
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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
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 ...
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Canadian fixed mortgage rates are dropping as U.S. tariffs shake markets
2/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canada’s 5-year bond yield has fallen to its lowest level since June 2022, following fresh concerns over economic uncertainty and global trade tensions. ...
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Banking giant calls for emergency BoC rate cut
2/3/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists say central bank could make oversized inter-meeting reduction as Canadians come to terms with Trump's tariffs. ...
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Bank of Canada cuts rates in first decision of 2025
1/29/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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1/29/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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%. ...
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Bank of Canada weighs first move of 2025
1/20/2025 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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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
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 ...
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Bank of Canada drops key interest rate
12/11/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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. ...
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By how much could the Bank of Canada cut rates in December?
11/26/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
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 ...
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Bank of Canada rate cuts save housing market from collapse, says economist
11/25/2024 | Posted in Canadian Housing Market by Jessi Sandhu
Rate cuts offered stability, but economic risks and high mortgage rates keep recovery uncertain. ...
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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
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 ...
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CMHC says risks remain in mortgage market as delinquencies creep up
11/4/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
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 ...
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Bank of Canada slashes rates, says monetary policy has worked
10/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country ...
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Five of six Canadian banks predict sharper rate cut as inflation slows
10/21/2024 | Posted in Interest Rates by Jessi Sandhu
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. ...
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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
Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month. ...
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Former Bank of Canada Official Sees Jumbo Rate Cut in October
10/7/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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. ...
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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
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. ...
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Interest rate cut welcome news for homeowners with variable-rate mortgages
9/5/2024 | Posted in Mortgage Interest Rates by Jessi Sandhu
Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before ...
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Bank of Canada makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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. ...
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Canadian house prices could rise by up to 6% in steady fall market
9/3/2024 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Interest rate cuts should spark buying activity says RE/MAX Canada ...
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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
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 ...
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