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Bank of Canada Benchmark Rate News and Articles | My Blog

Banks quickly follow BoC with rate hikes

9/7/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s big banks were quick to announce increases to their prime lending rates to 3.2% Wednesday.

... More


BoC interest rate hike drags on weakening Toronto real estate

9/6/2017 | Posted in Toronto Real Estate by Michael Antczak

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A second interest-rate increase announced Wednesday by the Bank of Canada will add further drag to Toronto's real estate sector, which has seen home sales fall steadily for ... More


Bank of Canada Raises Benchmark Rate to 1%

9/6/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be ... More


Odds of a rate hike just went up as Canada's growth wows economists

9/1/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

... More


Interest rates to hit 1.75% by summer 2019

8/16/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

... More


Here's why BoC might hold off raising rates despite all signs pointing to another hike

8/9/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Should Poloz and his policy team sit on their hands for now or entertain at least one more rate increase in the coming months?

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Canada's economy accelerates, rate hike expectations grow

7/28/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter ... More


Now that the Bank of Canada has scratched the interest rate itch, get ready for more

7/24/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Many of the world's central bankers, including in Canada, had been stubbornly tied to low-for-longer interest-rate regimes following the recession. That time has ... More


Suite of housing measures cooling market largely as expected: Morneau

7/19/2017 | Posted in Real Estate News by Michael Antczak

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The federal finance minister says steps taken to tame Canada's hottest housing markets have already helped slow down a sector he believes was moving at an unsustainable ... More


Interest rate hike could prolong Toronto real estate market slowdown

7/14/2017 | Posted in Toronto Real Estate by Michael Antczak

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The GTA real estate market had already begun to cool off before the Bank of Canada raised its benchmark rate Wednesday.

... More


Three big banks raise prime lending rates following rate hike from Bank of Canada

7/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Three of Canada's biggest banks are boosting their prime lending rates by 25 basis points, following an interest rate hike from the central bank.

... More


The Bank of Canada hikes rate for first time in seven years

7/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Central Bank raised its new target for the overnight rate to ¾% today, citing a confident financial outlook and above-potential ... More


GDP Grows a Sixth Month, Adding to Canada Rate-Hike Pressure

6/30/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s economy grew for a sixth consecutive month with gains in a majority of industries, underlining the central bank’s view a durable recovery from an oil shock ... More


Canada July Rate Hike Odds Jump After Poloz Restates Bias

6/28/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Canadian dollar rallied to a four-month high and investors ramped up bets for a rate increase as early as next month after Bank of Canada Governor Stephen Poloz reiterated ... More


Homeowners worried over rate hike advised to lock in mortgages - experts

6/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ... More


Bank of Canada says next move likely an interest rate hike

6/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More


Bank of Canada maintains overnight rate target at 1/2 per cent

5/24/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

... More


Bank of Canada maintains overnight rate target at 1/2 per cent

4/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ... More


Bank of Canada announces rate

3/1/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns ... More


Bank of Canada announces rate

1/18/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump ... More


Insight into the future of mortgage rates

1/14/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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With the release of the Bank of Canada’s most recent Business Outlook Survey came insights into the central bank’s policy position – and, indeed, the future ... More


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