BoC Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

May 8, 2025 No Comments

Canada’s financial system may be holding steady, but rising household debt and looming mortgage renewals are emerging as critical risks, the Bank of Canada warns in its 2025 Financial Stability Report.

Trade uncertainty was key reason behind Bank of Canada’s April rate hold

April 30, 2025 No Comments

At its April 16 policy meeting, the Bank of Canada chose to hold its key interest rate at 2.75%, and now we know why: uncertainty. And not just a little.

Scotiabank now sees three Bank of Canada rate cuts in 2026

April 29, 2025 1 Comment

Scotiabank has revised its interest rate forecast, now predicting the Bank of Canada will deliver three cuts in 2026 as the global economy feels the strain of escalating U.S. trade policies.

Markets see additional Bank of Canada rate cuts as economy slows, survey shows

April 28, 2025 No Comments

Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year, according to the Bank’s first-quarter Market Participants Survey.

Dip in February retail sales strengthens case for another BoC rate cut

April 25, 2025 No Comments

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook

April 16, 2025 No Comments

The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two diverging scenarios for the economy, reflecting the unprecedented uncertainty triggered by U.S. tariffs.

BoC expected to pause this week, but more rate cuts still likely

April 14, 2025 No Comments

With markets nearly split—pricing in a 40% chance of a rate cut and a 60% chance of a hold—the Bank of Canada’s upcoming rate decision on Wednesday is still very much up in the air.

Confidence hits new lows as recession concerns mount in Canada

April 7, 2025 No Comments

With a third of Canadian businesses now expecting a recession in the next 12 months—up from just 15% in the last two quarters—economic unease is clearly on the rise.

Job losses, tariff fears push BoC rate cut odds to near 50%

April 6, 2025 No Comments

March’s surprise job losses—the first in three years—signal early signs of trade war impacts on the Canadian economy, raising the odds of an April rate cut to 50%.

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.

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