Bank of Canada Archives - Page 3 of 24 - Mortgage Rates & Mortgage Broker News in Canada

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.

Two big banks predict 225 bps worth of BoC rate cuts over the next year

October 21, 2024 No Comments

As we appraoach what’s expected to be the Bank of Canada’s fourth consecutive interest rate cut this year, several major banks are forecasting that the rate-cutting cycle is far from over.

With inflation below target, BoC expected to deliver supersized rate cut this week

October 20, 2024 No Comments

Forecasters expect the Bank of Canada to speed up the pace of interest rate cuts and lower its policy rate by half a percentage point this week.

Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada’s next move

October 11, 2024 No Comments

Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.

Tiff Macklem, Governor of the Bank of Canada

BoC’s Macklem says it’s “reasonable” to expect further rate cuts

September 24, 2024 No Comments

Bank of Canada Governor Tiff Macklem signalled that more interest rate cuts are likely as inflation continues to ease.

Banks and lenders cut fixed mortgage rates

CIBC forecasts ‘supersized’ Bank of Canada rate cut by year end

September 14, 2024 No Comments

The central bank may take a more aggressive approach to easing monetary policy than most have been expecting

Interest rate cut welcome news for homeowners with variable-rate mortgages: experts

September 4, 2024 1 Comment

Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before significant demand returns to the market.

Bank of Canada widely expected to extend its rate-cut streak on Wednesday

September 2, 2024 1 Comment

More rate relief is expected this week for those with variable-rate mortgages and lines of credit.

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.

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.

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