Bank of Canada rate Financial News

20.09 / 20:05

inflation interest rate Bank of Canada Canada Interest Rate Bank of Canada rate Core inflation Bank of Canada worried about raising hopes for rate cuts in latest decision

The Bank of Canada did not want to give the impression that it was done raising interest rates — or that the cost of borrowing would soon drop — in communicating its most recent policy rate decision, documents released Wednesday show.

07.09 / 19:35

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The head of the Bank of Canada says the central bank’s two per cent inflation target is “now in sight” but cautions that persistent price pressures might require additional interest rate hikes.

06.09 / 16:15

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The Bank of Canada hit pause on its interest rate hiking cycle on Wednesday, leaving its policy rate unchanged at 5.0 per cent.

31.08 / 18:51

Interest rates interest rate Bank of Canada Canada housing Canada housing market Bank of Canada rate housing market Why some Canadians are ‘pooling their resources’ to afford a home

As rising interest rates are boxing many individual buyers out of Canada’s housing market, brokerage Royal LePage says in a new report that Canadians are increasingly teaming up with family and friends just to afford a home.

27.07 / 17:01

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As the Bank of Canada’s interest rates hikes ratchet up the pain on borrowers, traditional wisdom says better savings rates might follow.

23.07 / 05:39

Interest rates Canada housing market Bank of Canada rate housing market rate hikes ‘Increasing demand’ for secondary units as homebuyers grapple with rate hikes

As Canadians grapple with interest rate hikes and high mortgage payments, there is a growing demand for houses with secondary units, like basement apartments and laneway homes, real estate experts say.

13.07 / 23:55

interest rate Canada housing market Canada Interest Rate Bank of Canada rate Drop rate hikes interest rate hikes Interest rate hikes have returned. But don’t expect home prices to drop

Two consecutive interest rate hikes from the Bank of Canada are expected to cool the national housing market after activity heated up in the spring, but experts warn supply is too tight for further price drops.

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