bank of canada interest rate Archives - Mortgage Rates & Mortgage Broker News in Canada

Economists react to Bank of Canada rate cut

Economists react to the Bank of Canada’s 25-bps rate cut: What’s next for rates?

March 12, 2025 No Comments

The Bank of Canada cut its overnight rate by 25 basis points to 2.75%, its seventh straight cut. While expected, the move comes as the Bank tries to navigate economic uncertainty and the fallout from U.S. trade tensions.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

“Still too early” to start cutting rates, says BoC’s Macklem

March 6, 2024 No Comments

Following today’s decision by the Bank of Canada to leave interest rates on hold, Governor Tiff Macklem said plainly that it’s still too early to being

Scotiabank report on government spending impact on monetary policy

Interest rates are higher than they should be due to government spending: Scotiabank

November 19, 2023 1 Comment

Canadian interest rate are about 200 basis points higher than it otherwise would be due to government spending at all levels, including billions spent on pandemic relief.

No more rate hikes expected as unemployment rate rises to 21-month high

November 3, 2023 1 Comment

Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say.

Bank of Canada offers a reprieve for mortgage borrowers, but leaves door open to more hikes

September 6, 2023 No Comments

The Bank of Canada opted to leave interest rates unchanged today but maintained its hawkish bias, confirming it won’t hesitate to hike rates further if inflation doesn’t continue to trend downward.

Bank of Canada decision: Rate hold expected, but debate over future hikes persists

September 5, 2023 No Comments

Weaker-than-expected GDP data last week likely sealed the deal for a rate hold tomorrow by the Bank of Canada. But not all economists are convinced that this marks the end of the current rate-hike cycle.

Bank of Canada won’t be pleased with July inflation data, but rate hold still expected

August 15, 2023 No Comments

Economists say the Bank of Canada likely won’t be pleased with July’s headline inflation reading, which came in hotter than expected.

There’s a chance of a BoC rate hike this week: economists

June 5, 2023 No Comments

The odds of the Bank of Canada hiking rates at this week’s monetary policy meeting vs. another hold are basically down to a coin toss, economists say.

Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

May 19, 2023 4 Comments

The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal.

Inflation accelerated in April. Could that open the door to further rate hikes?

May 16, 2023 1 Comment

Canada’s headline inflation reading ticked up in April, ending a five-month deceleration streak.

bank of canada interest rate