6/3/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

Bank of Canada holds rate steady

  6/1/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two.

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Canadians could see record low interest rates until 2022

  4/15/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More

Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts

  3/27/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.

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Bank of Canada: Key interest rate cut to lowest level

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Big Six banks slash prime rates by half a point

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

Bank of Canada slashes policy rate to 0.75 per cent in surprise cut

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

BoC rate must be at 1.5%, think-tank's fiscal policy council says

  12/18/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings.

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Canadian mortgage performance to remain stable in 2020

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

Bank of Canada keeps key interest rate target on hold

  10/21/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The cost of living was higher across many products and services in September.

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Mortgage interest cost index slows but cost of living remains higher

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.

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Bank of Canada keeps key interest rate steady

  7/3/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics.

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Bank of Canada to cut rates in October, then twice more

  6/20/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold ... More

Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.

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Fixed or Variable Rate?

  4/29/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Canadians now owe an average of $1.79 for every dollar of disposable income.

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Household debt to have knock-on effect upon banks, economy

  2/28/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Capital Economics predicts that The Bank of Canada will cut its key lending rate in December as a weakening housing market and oil sector headwinds drag GDP growth back below ... More

Bank of Canada to cut rates before the end of 2019

  1/14/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The central bank will most likely refrain from further hikes “given increased market volatility and more restrictive financial conditions.

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Interest rates might remain flat until next year

  1/5/2019 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again.

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Economists renew prediction for lower interest rates for Canada in 2019

  12/5/2018 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada is leaving its key interest rate unchanged.

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Bank of Canada makes key interest rate announcement

  12/4/2018 | Posted in Canadian Economy and Interest Rates by Eileen Farrow
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock.

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Rate rises may be reshaped by oil production cuts says CIBC
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