Bank of Canada Archives | The Mortgage Centre

Rate Announcement December 6, 2023

The Bank of Canada announced it will keep its key interest rate at 5%, with the Bank Rate at 5¼%. This decision will keep the […]

The Bank of Canada has increased their overnight rate by a full percent, to 2.50% from 1.50%. The rate increase was to be expected, but […]

Once again, The Bank of Canada has raised its overnight target rate by a half-point, bringing it to 1.50%. A few influencing factors are the […]