Bank of Canada cuts key rate by 50 basis points in oversized step
The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on boosting the Canadian economy amid signs inflation is well under control.
‘Exceptional’ mortgage rates spotted in Canada after U.S. Fed rate cut
The U.S. Federal Reserve’s 50-basis-point interest rate cut on Wednesday is having ripple effects north of the border, with experts pointing to implications for both the Bank of Canada and Canadian mortgage holders.
The Bank of Canada cut rates again. And more to come
The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday and opened the door to bigger cuts if the economy slows more sharply in the months ahead.
Canada’s inflation rate extends its cooling streak in July, keeping BoC on track to cut rates
Canada’s annual inflation rate slowed to 2.5 per cent in July, according to Statistics Canada, down from 2.7 per cent in June, supporting expectations for a third consecutive interest rate cut from the Bank of Canada next month.
Bank of Canada cuts key interest rate to 4.5% with hints of more to come
The Bank of Canada’s policy rate, which broadly informs the cost of borrowing across the country, now stands at 4.5 per cent.
Statistics Canada is set to release the annual inflation rate for May on Tuesday.
Those easing price pressures have allowed the Bank of Canada to make a major shift in monetary policy, cutting its benchmark interest rate by a quarter of a percentage point earlier this month. The central bank uses its key interest rate to set the cost of borrowing broadly in Canada, easing or tightening the policy rate in an effort to restore inflation to its two per cent target.
BoC to start cutting rates in June, but greater risk is delay – Reuters poll
The Bank of Canada will cut its key interest rate in June, a strong majority of economists in a Reuters poll said, although they also said the risk was the first cut would be later than that, rather than a surprise earlier move.
Bank of Canada hikes interest rate to 2.5% -biggest jump since 1998 Social Sharing
Canada’s central bank raised its benchmark interest rate by a full percentage point to 2.5 per cent. That’s the biggest one-time increase in the bank’s rate since 1998.
OSFI sets new mortgage rules, including stress test for uninsured borrowers
New mortgage rules unveiled by OSFI on Tuesday will require even those who don’t need mortgage insurance to have their finances stress tested at higher rates.
