On Wednesday the Bank of Canada made a big cut to interest rates. They lowered the key borrowing rates by half a percentage point. Experts said this could help boost Canada’s slow housing market. The central bank’s policy rate is now 3.75 percent. Wednesday’s decision is the fourth time in a row that interest rates … Read more
Economists Foresee A Significant Turning Point In The Housing Market At a Glance Good news for the Canadian housing market! After a cautious year with rising borrowing costs, economists predict a rebound in 2024. This is largely due to forecasts that the Bank of Canada may begin cutting its key interest rate from the current … Read more
The Bank Of Canada Maintains Its Interest Rate At 5 Percent, As Anticipated At a Glance The Bank of Canada has decided to keep its benchmark interest rate at five percent, as the Canadian economy shows signs of cooling. The bank has raised the rate 10 times since early 2022 to slow down runaway inflation … Read more
The Bank of Canada 5% Rate Hold at a Glance The Bank of Canada has decided to keep interest rates unchanged for the second time in a row, but expressed ongoing concerns about inflation risks and price pressures. The overnight target rate remains at 5.00%, and the Bank acknowledged that monetary policy is effectively curbing … Read more