The Bank of Canada has indicated its future rate decisions will be driven by economic data, but that it is...
Despite delivering a half-point interest rate hike at its final rate decision meeting of 2022, the Bank of Canada offered borrowers a glimmer of hope that this could be among its last.
The Bank of Canada is widely expected to deliver its seventh consecutive interest rate hike at its rate decision announcement this week. .
For the second time this month, Bank of Canada Governor Tiff Macklem said that interest rates need to rise further.
Homebuyers with a variable mortgage rate are facing a "painful" adjustment as interest rates continue to rise, the Bank of Canada's Senior Deputy Governor Carolyn Rogers said this week.
The Bank of Canada is nearing the end of its rate-hike cycle, but it's not quite there yet.
The Bank of Canada surprised markets on Wednesday by delivering a lower-than-expected 50-basis-point rate hike, its sixth consecutive rate increase of the year.
With interest rates now in restrictive territory and signs of economic softening, some say the Bank of Canada is facing one of its most important rate decisions of the current rate-hike cycle.
Despite softening origination activity, mortgage professionals should welcome the current "reset" to healthier market conditions.
Markets raised the odds of another 75-bps rate hike by the Bank of Canada next week following the release of September's inflation data.
