While October's Bank of Canada interest rate announcement may not be a catalyst for action in the short term, it is an important signal for the Canadian real estate market.
The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick The Bank of Canada ra...
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The Bank of Canada (BoC) has lowered its key interest rate to 4.50 per cent, its second rate cut of the year. Last month, the bank dropped the intere…
“A policy rate above the neutral rate is totally incongruent for an economy in a state of lingering excess supply,”David Rosenberg, founder ofRosenberg Research, said in a note on the Bank of Canada’s rate cut. “Such a condition augurs for a rate no higher than two per cent, and ...
Policy rate When you hear rates have climbed by 0.25% in the news or around the water cooler, the speaker is usually referring to the policy rate — also known as the overnight lending rate. The policy rate is set by the Bank of Canada and its respective counterparts in other countries....
of the 300 Canadian C-suite leaders surveyed expect business conditions to improve 12 months from now asinflationcontinues to slow and theBank of Canadacarries on implementinginterest rate cutsthat have already brought rates down to 4.25 per cent from an almost two-decade high of five per cent....
Although the Bank of Canada appears to be optimistic that it can hold interest rates at current levels, it’s also keeping the door open to further action if necessary. “Governing council is prepared to increase the policy rate if needed to return inflation to the two per...
The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows its July The Bank of Canada announced its fifth interest rate increase of the year, raising rates by 75 basis points.