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User Posts: Karen Parrott
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Another Rate Cut to 3.25%
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The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. This marks the fifth ...

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Bank of Canada makes biggest rate cut since beginning of pandemic
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The Bank of Canada reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. CPI inflation has declined ...

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Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations
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The federal government has unveiled sweeping changes to Canada’s mortgage system, calling them the “boldest reforms in decades.” Key measures include ...

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Bank of Canada reduces policy rate by 25 basis points
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The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. Bank of Canada governor Tiff ...

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Bank of Canada reduces policy rate by 25 basis points to 4½%
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The Bank of Canada reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.This would be welcome news for those ...

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Bank of Canada Cuts Rate
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As anticipated, the Bank of Canada has reduced its target for the overnight rate to 4¾% (4.75%), the first cut in more than four years. In its statement, the ...

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Post Federal Budget Announcement
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According to Statistics Canada, Canada's population grew by 3.2 per cent in 2023, reaching 40,769,890 as of Jan. 1, 2024, the highest rate since 1957. Across ...

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Highlights For The Week
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April.10/2024: Bank of Canada holds key interest rate at 5% which was expected. While inflation is still too high and risks remain, CPI and core inflation ...

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CMHC predicts higher home prices and are Fixed rates going up?
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After reaching historically high levels in recent years, housing starts in Canada are expected to decline in 2024, before recovering in 2025 and 2026, ...

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As Predicted: Bank of Canada leaves the policy rate at 5%
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The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank stated it is continuing ...

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