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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June 5, 2024 Bank of Canada Rate Announcement
Variable-rate mortgage holders are celebrating, having awaited this day since the first rate hike 27 months ago. The overnight target rate was cut to 4.75%, […]
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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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What to Do With Your Variable-Rate
The Bank of Canada has made six increases to the policy interest rate over the past year. Prime went up another 0.5%, in October, bringing […]
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