Bank of Canada Archives - Page 2 of 24 - Mortgage Rates & Mortgage Broker News in Canada

Experts bet on sixth straight Bank of Canada rate cut this week

January 27, 2025 No Comments

Economists and markets expect a 25-basis-point rate cut this week, bringing the Bank of Canada’s policy rate to a two-year low of 3%.

Bank of Canada to end quantitative tightening earlier than expected

January 17, 2025 1 Comment

The Bank of Canada expects to end quantitative tightening in the first half of this year and return to more normal asset purchasing levels, likely becoming the first major central bank to unwind its pandemic asset purchases.

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.

Scotiabank: The Bank of Canada will likely deliver a 50-bps rate cut this week—here’s why it shouldn’t

December 9, 2024 No Comments

In a recent analysis, Scotiabank’s Derek Holt suggests that the Bank of Canada is likely to implement a 50-basis point rate cut this week, despite concerns over the broader economic implications.

Odds of second 50-bps Bank of Canada rate cut drop after stronger inflation report

November 19, 2024 1 Comment

Still, many economists still see a half-point cut as likely at the Bank’s December 11 meeting.

BoC official warns against playing with mortgage rules to make housing affordable

November 6, 2024 No Comments

The Bank of Canada’s senior deputy governor is warning against adjusting mortgage rules to try to make the prospect of homeownership more affordable.

“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 expected to cut rates by 100 bps before pausing, financial experts say

November 4, 2024 No Comments

Financial experts expect the Bank of Canada to cut rates by 100 basis points by the middle of 2025, with no further reductions thereafter.

What the Bank of Canada’s 50-bps rate cut means for borrowers

October 23, 2024 No Comments

Variable-rate borrowers can breathe a little easier with today’s latest rate reduction.

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