Bank of Canada Policy Summary

The mortgage market is highly driven by movements in interest rates. Higher interest rates increase the cost of financing across all different segments of the real estate market. For many individuals and businesses, an increase in interest rates is significantly impacting affordability and investments in the market. Homeowners locked into fixed mortgage rates are temporarily […]

For many Canadians, buying a home is a significant financial goal. When you purchase a home, this usually involves huge financial commitments, and thus, you need to be capable of bearing all the associated costs that come with a mortgage. For this reason, the Canadian government has taken steps to ensure that homebuyers can afford […]

  On July 14, the Bank of Canada (BoC) announced that it will hold its current level of policy rate until the inflation objective is sustainably achieved. The overnight rate remains the same at the effective lower bound of 0.25%. The Bank Rate remains at 0.5% and the deposit rate at 0.25%. Quantitative easing (QE) […]

On June 9, the Bank of Canada (BoC) announced that it will hold its current level of policy rate until the inflation objective is sustainably achieved. The overnight rate remains the same at the effective lower bound of 0.25%. The Bank rate stays at 0.5% and the deposit rate at 0.25%.

Bank of Canada Announcement The Bank of Canada has decided to hold on to lower overnight rates of 0.25% with a bank rate of 0.50% and a deposit rate of 0.25%. The Bank maintains exceptional forward guidance on the path of the overnight rate, reinforced and supplemented by the Bank's quantitative easing (QE) program. These […]

On March 10, the Bank of Canada (BoC) announced that it will hold its current level of policy rate until inflation objective is sustainably achieved. The overnight rate remains the same at the effective lower bound of 0.25%. The Bank Rate stays at 0.5% and the deposit rate at 0.25%.