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Here's what another Bank of Canada rate hike means for Canadians

1/27/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More


Fed and Bank of Canada have reason to pause hikes, says strategist

1/24/2023 | Posted in Interest Rates by Paul DeAdder

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The Federal Reserve and Bank of Canada can afford to pause interest-rate increases now because inflation pressures are easing rapidly, according to a Bank of Montreal ... More


Bank of Canada announces another big hike

12/7/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is increasing its key overnight interest rate by 50 basis points to 4.25 per cent. This is the seventh consecutive increase since the Bank began hiking rates ... More


BoC expected to end year off with one more rate increase, likely to pause hikes soon

12/2/2022 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on ... More


Recent homebuyers to find rate increases painful: BoC

11/23/2022 | Posted in Home Buyers by Paul DeAdder

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Variable-rate mortgage holders who have recently purchased their homes will be especially burdened by the prevailing rate-hike environment, according to Bank of Canada senior ... More


Canadian inflation holds steady, boosting chances of 25-bp rate hike

11/16/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the ... More


Canada's mortgage stress test - leading lenders weigh in

11/15/2022 | Posted in Home Buyers by Paul DeAdder

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Already a source of huge debate in the mortgage industry since its introduction, the mortgage stress test came under scrutiny from executives at top Canadian lenders during a ... More


BoC's Macklem: Rate hikes nearing end, but consumer pain ahead

11/3/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank ... More


Bank of Canada makes another big rate hike

10/26/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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The move marks the latest "supersized" rate jump of 2022

... More


BoC's Macklem: More interest rate hikes are "warranted"

10/7/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are ... More


Interest rates: TD, Scotia see Bank of Canada heading to 4%

9/14/2022 | Posted in Interest Rates by Paul DeAdder

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TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic ... More


Canadians are falling deeper into debt: Statistics Canada

9/12/2022 | Posted in Canada Living by Paul DeAdder

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New data from Statistics Canada shows that Canadians are sliding deeper into debt.

... More


Bank of Canada announces another big rate hike

9/7/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

... More


Bank of Canada preview: A 100-bps rate hike can't be ruled out

9/4/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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All eyes will be on the Bank of Canada’s interest rate decision this week, which some say could be its last increase of the year, and perhaps of this rate cycle.

... More


How the Bank of Canada's rate hike will impact mortgages, loans and spending

7/13/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.

... More


Bank of Canada hikes rate to 2.5% - here's what it means for you

7/13/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway ... More


Bank of Canada to hike key interest rate by 0.75%, economists say

7/10/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

... More


What the latest inflation data means for the upcoming Bank of Canada rate decision

6/28/2022 | Posted in Interest Rates by Paul DeAdder

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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of ... More


Monthly payments on variable-rate mortgages could increase as borrowers near their 'trigger rate'

6/21/2022 | Posted in Mortgages and Real Estate by Paul DeAdder

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An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers.

... More


Deputy Bank of Canada governor warns key interest rate could rise above previous target of 3 per cent

6/3/2022 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels ... More


Bank of Canada announces another oversized rate hike

6/1/2022 | Posted in Mortgage Interest Rates by Paul DeAdder

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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year ... More


Big Six banks slash prime rates by half a point

3/17/2020 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More


Bank of Canada slashes policy rate to 0.75 per cent in surprise cut

3/13/2020 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More


What the Bank of Canada rate cut means for mortgages

3/5/2020 | Posted in Mortgages and Real Estate by Paul DeAdder

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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.

... More


Bank of Canada lowers overnight rate target to 1.25 percent

3/4/2020 | Posted in Mortgage Interest Rates by Paul DeAdder

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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More


Bank of Canada Holds Rates, Shows Less Confidence in Outlook

1/22/2020 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy.

... More


Ultra-low Rates Will Persist: RBC

1/17/2020 | Posted in Mortgages and Real Estate by Paul DeAdder

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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

... More


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