monetary policy report Archives - Mortgage Rates & Mortgage Broker News in Canada

Tiff Macklem on June Bank of Canada rate cut

Following Bank of Canada rate cut, Macklem says it’s “reasonable” to expect more

July 24, 2024 2 Comments

In addition to announcing the rate cut, the Bank of Canada also released updated economic forecasts, projecting moderately slower GDP growth in 2024 than previously anticipated.

Economists rule out rate cut this week, but all eyes on BoC statement and forecasts

April 8, 2024 No Comments

The Bank of Canada is widely expected to leave interest rates unchanged this week for the sixth straight meeting.

Bank of Canada delivers rate hold, but maintains hawkish bias

October 25, 2023 No Comments

The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

Bank of Canada delivers 10th rate hike, markets not convinced this will be the last

July 12, 2023 No Comments

As was widely expected, the Bank of Canada today delivered another quarter-point rate hike today, bringing its benchmark rate to a 22-year high of 5%.

Bank of Canada review impact of higher rates on mortgage consumers

Borrowers to “feel the strain” of high interest rates for several quarters to come, says BoC

April 12, 2023 No Comments

High mortgage rates are taking a bite out of borrower’s budgets, and the Bank of Canada says they will continue to “feel the strain” for several more quarters to come.

Bank Of Canada Announces April Rate Decision

Bank of Canada cautions markets against rate-cut bets

April 12, 2023 No Comments

With markets pricing in rate cuts by the end of the year, the Bank of Canada today made clear that it doesn’t share the same outlook.

Photo: Renaud Philippe/Bloomberg via Getty Images

Bank of Canada unclear how higher interest rates may impact Canada’s housing market

February 9, 2023 2 Comments

The Bank of Canada’s leadership appears to be torn over whether Canada’s housing market will brush off be further impacted by the higher interest rates.

Tiff Macklem comments on the need to raise interest rates

Bank of Canada’s 50-bps hike suggests the “peak is near”

October 26, 2022 No Comments

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.

Renewal Rate Shock Diminishing, Says BoC

November 6, 2019 No Comments

Falling mortgage rates over the course of 2019 have reduced the rate increase shock for those renewing a mortgage. While those renewing a mortgage this

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