summary of deliberations Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

Bank of Canada’s urge to cut rates fades amid tariff uncertainty

March 26, 2025 No Comments

The Bank of Canada appears increasingly reluctant to cut rates further, with minutes from its March 12 meeting showing that its most recent move was driven largely by rising uncertainty over a potential trade war with the U.S.

Bank of Canada warns of permanent GDP hit if trade war with U.S. drags on

February 12, 2025 No Comments

Members of the Bank of Canada’s Governing Council expressed concerned that prolonged trade tensions with the U.S. could permanently reduce Canada’s GDP, according to the minutes from its January 29 policy meeting.

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.

“Strong consensus” among BoC Governing Council that 50bps cut was needed in October

November 5, 2024 No Comments

The Bank of Canada’s Governing Council reached a “strong consensus” in October that a 50-basis-point rate cut was needed.

Mortgage Digest: Bank of Canada raises concerns over economic risks as inflation nears target

September 23, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Bank of Canada sees less risk of housing market overheating as demand softens

August 7, 2024 No Comments

The Bank of Canada sees less risk of housing market overheating due to affordability issues.

Bank of Canada officials worry that rate cuts may overheat the housing market

June 19, 2024 2 Comments

The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat the housing market.

BoC Governing Council divided over timing of rate cuts, but agree they will be gradual

April 24, 2024 2 Comments

The Bank of Canada’s Governing Council remains split over when they think conditions will be right to begin lowering the country’s key interest rates.

Bank of Canada’s Governing Council divided over timing of future rate cuts

March 20, 2024 1 Comment

While conditions for rate cuts are expected to materialize over the course of the year, the Bank of Canada itself appears divided over when exactly these conditions will be met.

summary of deliberations