Bank of Canada Governing Council Archives - Mortgage Rates & Mortgage Broker News in Canada

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 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.

“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.

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.

Bank of Canada’s confidence grows that rates are now high enough, but says inflation risks remain

December 20, 2023 No Comments

The Bank of Canada’s six-member Governing Council believes odds have increased that interest rates are now high enough to bring inflation back to target.

Bank of Canada concerned inflation could remain “stuck” above 2%

April 26, 2023 1 Comment

While the Bank of Canada expects inflation to continue to ease this year, it is also concerned about the risk of inflation becoming “stuck materially” above its 2% target.

Bank of Canada Governing Council