Posts from the ‘Monday Morning Interest Rate Updates’ Category

  • The Bank of Canada Holds Rates Steady, But for How Long?

    Monday Morning Interest Rate Update for September 10, 2018

    When the Bank of Canada (BoC) met last week, it left its overnight rate unchanged at 1.5% as was widely expected. The real question for anyone keeping an eye on Canadian mortgage rates was whether the Bank would hint at its plans for its next meeting on October 24.

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  • Thoughts on the Bank of Canada’s Meeting This Week

    Monday Morning Interest Rate Update for July 9, 2018

    It is widely expected that the Bank of Canada (BoC) will raise its overnight rate by another 0.25% when it meets this week, and if it does, lenders will pass that increase on to variable-rate mortgage borrowers in short order. The Bank signaled its plans when it made its most recent policy announcement on May […]

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