BoC Archives - Mortgage Rates & Mortgage Broker News in Canada

Jobless rate hits 7%, but markets trim odds of July rate cut as job losses come in softer than expected

June 6, 2025 No Comments

Canada’s labour market continued to weaken in May, with the unemployment rate rising to 7%—the highest since 2016, excluding the pandemic years. But the deterioration was less severe than many economists had expected.

Kozicki: Patience needed for additional rate relief as tariffs, inflation fears linger

June 5, 2025 No Comments

The Bank of Canada is keeping a close eye on the real economy, and what it’s seeing has policymakers treading carefully when it comes to further rate cuts.

Tiff Macklem, Governor of the Bank of Canada

Bank of Canada holds at 2.75% and puts forecasts on hold too

June 4, 2025 No Comments

With tariff uncertainty clouding the outlook, the Bank is holding rates, and holding off on forward guidance.

Bank of Canada expected to hold rates steady Wednesday as economy outperforms

June 2, 2025 No Comments

Just days ago, the Bank of Canada appeared poised to resume cutting interest rates. But stronger-than-expected GDP data released Friday may have changed the outlook.

Five things to watch for in the Canadian business world in the coming week

June 1, 2025 No Comments

Five things to watch for in the Canadian business world in the coming week:

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

May 8, 2025 No Comments

Canada’s financial system may be holding steady, but rising household debt and looming mortgage renewals are emerging as critical risks, the Bank of Canada warns in its 2025 Financial Stability Report.

Trade uncertainty was key reason behind Bank of Canada’s April rate hold

April 30, 2025 No Comments

At its April 16 policy meeting, the Bank of Canada chose to hold its key interest rate at 2.75%, and now we know why: uncertainty. And not just a little.

Scotiabank now sees three Bank of Canada rate cuts in 2026

April 29, 2025 1 Comment

Scotiabank has revised its interest rate forecast, now predicting the Bank of Canada will deliver three cuts in 2026 as the global economy feels the strain of escalating U.S. trade policies.

Markets see additional Bank of Canada rate cuts as economy slows, survey shows

April 28, 2025 No Comments

Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year, according to the Bank’s first-quarter Market Participants Survey.

Dip in February retail sales strengthens case for another BoC rate cut

April 25, 2025 No Comments

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

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