Interest rate cut in June possible as policy rate held at 5%: Bank of Canada

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By Nojoud Al Mallees, The Canadian Press Posted Apr 10, 2024 2:00 am. Last Updated Apr 10, 2024 10:37 am. The Bank of Canada could begin lowering its key interest rate as soon as its next decision, governor Tiff Macklem said after the central bank decided to hold it steady for now.  “Yes, it’s within the realm of possibilities,” Macklem … Read More

Bank of Canada holds key rate steady at 5%, says too early to cut

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By Nojoud Al Mallees, The Canadian Press Posted Mar 6, 2024 02:00:00 AM. Last Updated Mar 6, 2024 02:14:52 PM. The Bank of Canada brushed off questions about rate cuts as it held its policy rate at five per cent, arguing inflation is still too high to justify lower borrowing costs. Governor Tiff Macklem, who held a news conference after … Read More

CMHC ends first-time homebuyer incentive, a program critics say ‘made no sense’

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By The Canadian Press Posted Mar 1, 2024 09:47:40 AM.  Last Updated Mar 1, 2024 02:00:27 PM. Canada’s housing agency says it is ending the first-time homebuyer incentive program. Canada Mortgage and Housing Corp. says the deadline for new or updated submissions to the program is midnight eastern time on March 21. The plan was meant to help reduce monthly … Read More

Bank of Canada holds key interest rate at 5%, signals shift toward rate cut talks

Belmor MortgageNews

By Nojoud Al Mallees, The Canadian Press Posted Jan 24, 2024 02:00:00 AM The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank’s decision to hold its key rate at five per cent.  “With overall demand in the economy no … Read More

Bank of Canada expected to hold key rate steady: economists

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By Martin MacMahon Posted Dec 5, 2023 07:37:36 AM. It’s been a rough couple of years for people with variable-rate mortgages, and many are watching to see what the Bank of Canada does with its key rate on Wednesday. The feeling from most economists is that the Bank of Canada will maintain its five per cent rate. “It’s far from … Read More

Bank of Canada holds key rate steady at 5%, says economy is weakening

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By The Canadian Press Last Updated Sep 6, 2023, 8:30AM MDT. The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter. “With recent evidence that excess demand in the economy is easing, and given the lagging effects of monetary policy, governing council decided to … Read More

Bank of Canada raises key rate to 5%, highest level since 2001

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By The Canadian Press Posted Jul 12, 2023, 7:26AM MDT The Bank of Canada raised interest rates again on Wednesday and released new projections that suggest it will take longer to get inflation back to two per cent. The central bank hiked its key interest rate by a quarter of a percentage point, bringing it to five per cent. Forecasters were … Read More

Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023

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By The Canadian Press Posted Apr 12, 2023, 8:32AM MDT. The Bank of Canada is once again holding its key interest rate steady at 4.5 per cent but isn’t ruling out the possibility of more rate hikes down the line. The central bank said Wednesday that recent economic data is reinforcing its confidence that inflation will continue to fall in the … Read More

Bank of Canada holds key interest rate at 4.5%

Belmor MortgageNews

Canadian PressMar 8, 2023 10:40 AM Elevated borrowing costs are expected to slow the economy down this year as people and businesses pull back on spending. The Bank of Canada is holding its key interest rate at 4.5 per cent while reiterating it is taking a watch-and-decide approach with monetary policy.At its last announcement on Jan. 25, the Bank of … Read More