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Tag: Overnight Target Rate

April 10, 2024 Bank of Canada Rate Announcement
April 10, 2024April 15, 2024Interest Rates, Mortgage News Canada

April 10, 2024 Bank of Canada Rate Announcement

Once again, the Bank of Canada’s rate announcement brings stability to the financial landscape. The overnight target rate remains unchanged at 5%, leaving the prime […]

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October 25, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement October 25, 2023

We can all relax once more with today’s rate announcement. The Bank of Canada announced it’s leaving the overnight target rate unchanged at 5% for […]

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Rate Announcement
September 6, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement September 6, 2023

Here’s the scoop on the most recent rate announcement. The Bank of Canada announced it’s leaving the overnight target rate unchanged at 5%. This decision […]

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July 12, 2023July 12, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement July 12, 2023

The Bank of Canada announced its latest interest rate decision this morning, along with new economic projections. Unsurprisingly, the benchmark rate increased a quarter percent, […]

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June 7, 2023Interest Rates, Mortgage News Canada, Mortgage Rates, Variable-Rate

Rate Announcement June 7, 2023

After hitting pause on rates, the Bank of Canada decided to increase their overnight target rate today to 4.75 percent from 4.5 percent. The prime […]

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Bank of Canada Rate Increase
July 13, 2022July 14, 2022Mortgage News Canada, Mortgage Tips

Bank of Canada Rate Increase

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 […]

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The Bank of Canada
June 1, 2022June 1, 2022Interest Rates, Mortgage News Canada, Mortgage Rates

Questions About The Bank of Canada’s Rate Increase

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 […]

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