BoC

The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.

The Bank of Canada announced it is keeping its target for the overnight rate stable, at 0.25%. This is the effective lower limit of the overnight rate.

The Bank of Canada (BoC) made its regularly scheduled interest rate announcement this morning and confirmed there would be no change to the target for the overnight rate.

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

The Bank of Canada governor Mark Carney has announced that no changes will be made to interest rates. As many economists predicted, the key interest rate shall remain at 1.0 per cent, where it has been … Read More

Mortgage Rules in Canada The new mortgage rules announced on June 21st by Jim Flaherty take effect today. However, some lenders stopped taking pre-approvals for the old mortgage parameters last Thursday and Friday. Talk to your … Read More