9/8/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged.

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Bank of Canada Keeps Status Quo, Rate Hikes Still on the Table for Next Year

  9/8/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic ... More

Bank of Canada keeps key interest rate on hold at 0.25 per cent

  7/14/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its ... More

Bank of Canada makes latest rate announcement

  6/20/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result ... More

Bank of Canada to break sequence of lower terminal rates as governments splurge

  4/11/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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With the lowest rates for five-year fixed mortgage products in Canada having risen last month for the first time since January 2020, speculation began to mount in the mortgage ... More

How quickly will fixed rates rise in Canada?

  2/2/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of ... More

Could Mortgage Rates Start to Rise Sooner than Expected?

  1/20/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

BoC stands by 0.25% rate in first policy announcement for 2021

  1/13/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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Money markets see an increased chance of the Bank of Canada cutting interest rates closer to zero, as tightening economic restrictions to contain a second wave of COVID-19 ... More

Bank of Canada 'micro rate cut' bets in play as lockdowns weigh

  1/7/2021 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast.

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What will happen to Bank of Canada rates in 2021?

  12/11/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates

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Bank of Canada opens door to another rate cut - but not one below zero

  12/9/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%.

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Bank of Canada keeps overnight rate frozen

  11/23/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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Several mortgage brokers are warning of a spike in rates once bond yields recover.

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Are five-year fixed mortgage rates in Canada about to increase?

  11/10/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news.

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How long can interest rates stay low once a vaccine arrives?

  10/13/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run.

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Negative rates down the line are possible: BoC

  7/15/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.

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Bank of Canada will maintain current level of policy rate

  6/23/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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Record-low interest rates here to stay - for now

  4/5/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down.

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Interest rates are plunging - so why aren't mortgage rates?

  3/31/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Mortgage rates are rising in Canada despite virus-relief cuts

  3/4/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Bank of Canada lowers overnight rate target to 1.25 percent

  1/29/2020 | Posted in Mortgage Interest Rates by Eileen Farrow
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

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Fixed rate mortgages could go on sale

  11/29/2019 | Posted in Mortgage Interest Rates by Eileen Farrow
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting.

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Scotiabank pushes back its Bank of Canada rate cut forecast

  7/18/2019 | Posted in Mortgage Interest Rates by Eileen Farrow
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

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The era of higher mortgage rates was short-lived

  6/11/2019 | Posted in Mortgage Interest Rates by Eileen Farrow
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

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More mortgage rate cuts could be coming for Canadian homebuyers

  1/9/2019 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More

Bank of Canada announces interest rate decision

  12/14/2018 | Posted in Mortgage Interest Rates by Eileen Farrow
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

Just one interest rate rise in 2019: BCREA

  12/6/2018 | Posted in Mortgage Interest Rates by Eileen Farrow
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.

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The bond market is now sending a clear signal: Go with a variable-rate mortgage

  11/30/2018 | Posted in Mortgage Interest Rates by Eileen Farrow
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council.

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No rate rise at least February suggests C.D. Howe Institute

  11/7/2018 | Posted in Mortgage Interest Rates by Eileen Farrow
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and ... More

Landing zone for rising interest rates 'sufficiently uncertain': Poloz

  10/5/2018 | Posted in Mortgage Interest Rates by Eileen Farrow
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.

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Expect two rate rises in the next 3 months

  10/2/2018 | Posted in Mortgage Interest Rates by Eileen Farrow
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

Pace of interest rate hikes seen picking up with trade deal in hand
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