July 24, 2024 Bank of Canada Rate Announcement
The Bank of Canada lowered its benchmark interest rate to 4.50% today, which was expected. The prime lending rate is now 6.7%, putting us back […]
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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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March 6, 2024 Bank of Canada Rate Announcement
Borrowers can relax a little regarding today’s Bank of Canada’s rate announcement. The overnight target rate stayed unchanged at 5.00%. The Bank of Canada is […]
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January 24, 2024 Bank of Canada Rate Announcement
The Bank of Canada announced today that its key overnight interest rate will remain at 5%. This means the prime lending rate will remain at […]
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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 […]
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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, 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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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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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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