bank of canada rate cut Archives - Mortgage Rates & Mortgage Broker News in Canada

Economists react to Bank of Canada rate cut

Economists react to the Bank of Canada’s 25-bps rate cut: What’s next for rates?

March 12, 2025 No Comments

The Bank of Canada cut its overnight rate by 25 basis points to 2.75%, its seventh straight cut. While expected, the move comes as the Bank tries to navigate economic uncertainty and the fallout from U.S. trade tensions.

Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub

January 29, 2025 No Comments

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.

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.

Bank of Canada cuts rates another 50 bps, bringing more relief to some borrowers

December 11, 2024 No Comments

The Bank of Canada has cut its policy rate by another 50 basis points today, bringing it down to 3.25%. This marks the fifth consecutive rate cut this year.

Fourth straight interest rate cut may not bring buyers back to the market just yet

October 23, 2024 1 Comment

While the Bank of Canada’s fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.

What BoC rate cut means for mortgage rates

What the Bank of Canada rate cut means for mortgages, consumer loans and investments

June 5, 2024 1 Comment

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75%, the first cut in more than four years. Here’s what it could mean for your finances.

Tiff Macklem on June Bank of Canada rate cut

Is today’s Bank of Canada rate cut “one and done” for now?

June 5, 2024 No Comments

Variable-rate borrowers finally got their wish of a Bank of Canada rate cut today. But how long could they be waiting until the next?

Soft GDP figures point to a BoC rate cut next week, but uncertainty remains

May 31, 2024 No Comments

Canada’s economy slowed more than expected in the first quarter, raising the odds of an interest rate cut next week by the Bank of Canada, economists say.

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.

Economists predict June rate cut as inflation continues to ease

March 19, 2024 No Comments

Today’s lower-than-expected inflation reading for February has bolstered confidence that the Bank of Canada could initiate its first rate cut in June.

bank of canada rate cut