Bank of Canada Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada to end quantitative tightening earlier than expected

January 17, 2025 No Comments

The Bank of Canada expects to end quantitative tightening in the first half of this year and return to more normal asset purchasing levels, likely becoming the first major central bank to unwind its pandemic asset purchases.

Bank of Canada rate hikes in 2026? National Bank thinks so.

January 14, 2025 1 Comment

Just when Canadians thought Bank of Canada rate hikes were behind us, one major bank is now forecasting their return as early as next year.

60% of Canadian mortgage renewals to face higher rates by 2026: BoC

January 13, 2025 No Comments

Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew.

Strong job growth in December raises doubts about January rate cut

January 10, 2025 No Comments

As Canada’s job market surged in December, economists are now questioning whether the Bank of Canada will move forward with another rate cut this month.

A by-the-numbers look back at Canadian finance in 2024

December 29, 2024 No Comments

The big questions in Canadian finance heading into 2024 were whether the economy could avoid a recession and what would happen with interest rates.

Tiff Macklem, governor of the Bank of Canada, and Carolyn Rogers, senior deputy governor of the Bank of Canada

Bank of Canada deliberations reveal ‘close call’ on 50-bps rate cut

December 24, 2024 No Comments

The Bank of Canada’s Governing Council faced a “close call” when deciding to proceed with December’s 50-basis-point rate cut, according to its latest summary of deliberations.

Bank of Canada cuts rates another 50 bps, bringing more relief to some borrowers

December 11, 2024 No Comments

The Bank of Canada has cut its policy rate by another 50 basis points today, bringing it down to 3.25%. This marks the fifth consecutive rate cut this year.

Scotiabank: The Bank of Canada will likely deliver a 50-bps rate cut this week—here’s why it shouldn’t

December 9, 2024 No Comments

In a recent analysis, Scotiabank’s Derek Holt suggests that the Bank of Canada is likely to implement a 50-basis point rate cut this week, despite concerns over the broader economic implications.

Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment

December 6, 2024 No Comments

Observers say that if there’s one economic indicator likely to be concerning Bank of Canada officials, it’s the higher-than-expected rise in Canada’s unemployment rate last month.”

Bank of Canada policy rate forecast 1.75 percent

Why one analyst thinks the Bank of Canada will be forced to cut its policy rate to 1.75%

November 25, 2024 No Comments

The Bank of Canada may be forced to continue lowering its policy rate more than markets are currently anticipating, with this easing cycle stretching into the second half of 2025.

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