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That said, the year-over-year comps for mortgage rates (looking at 5-year and variable) is about to level off in 2024 and this component of CPI will abate. The Bank of Canada raised to 4.5% on January 25, 2023 before taking a pause and then raised to 4.75% on June 7, 2023 and ...
OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday. Here is the text of the central bank's decision: The Bank of Canada today held its target for the overnight rate at five per cent, with the Bank Rate at 5.25 per cent ...
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The Bank of Canada (BOC) raised the overnight interest rate 50 basis points, bringing it to 3.75 per cent and pushing the prime rate to 5.95 per cent at its setting on October 26. For every 50-basis point increase, a homeowner with a variable-rate mortgage can expect to pa...
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