BoC Archives - Page 2 of 9 - 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.

Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99%

March 7, 2025 No Comments

Following dramatic swings in the bond market—and broader economic uncertainty sparked by President Donald Trump’s tariff threats—three of Canada’s big banks have slashed their fixed mortgage rates this week.

Canadian job growth stalls in February, BoC rate cut expected next week

March 7, 2025 No Comments

After three months of steady job gains, February saw a surprising slowdown, with employment growth stalling at just 1,100 new positions.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

Bank of Canada warns of economic fallout if U.S. trade war escalates

February 21, 2025 2 Comments

Bank of Canada Governor Tiff Macklem warned that Canada faces a significant economic hit if the U.S. proceeds with broad-based tariffs on Canadian exports, a move that would stifle growth, weaken the loonie and add upward pressure to inflation.

Bank of Canada interest rate forecasts 2

Bank of Canada’s March rate cut odds drop to 30% after latest inflation data

February 18, 2025 No Comments

Canada’s inflation report for January has led to a sharp decline in the chances of the Bank of Canada cutting rates in March.

Bank of Canada warns of permanent GDP hit if trade war with U.S. drags on

February 12, 2025 No Comments

Members of the Bank of Canada’s Governing Council expressed concerned that prolonged trade tensions with the U.S. could permanently reduce Canada’s GDP, according to the minutes from its January 29 policy meeting.

Former Bank of Canada Governor Stephen Poloz

Former BoC governor Poloz warns Canada’s economy is ill-prepared for potential U.S. tariffs

February 5, 2025 No Comments

Canada’s economy is in a fragile state and ill-equipped to handle the potential economic shock of new U.S. import tariffs, warns former Bank of Canada governor Stephen Poloz.

BMO forecasts 1.50% BoC rate by year-end if U.S. imposes tariffs on Canada

February 4, 2025 No Comments

Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by year-end.

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.

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%.

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