10/13/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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However, the central bank's policies might leave the Canadian financial system more vulnerable in the long run.

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Negative rates down the line are possible: BoC

  7/15/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent.

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Bank of Canada will maintain current level of policy rate

  6/23/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week.

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Record-low interest rates here to stay - for now

  4/5/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down.

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Interest rates are plunging - so why aren't mortgage rates?

  3/31/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Mortgage rates are rising in Canada despite virus-relief cuts

  3/4/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

Bank of Canada lowers overnight rate target to 1.25 percent

  1/29/2020 | Posted in Mortgage Interest Rates by Russell Pearsall
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

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Fixed rate mortgages could go on sale

  11/29/2019 | Posted in Mortgage Interest Rates by Russell Pearsall
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting.

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Scotiabank pushes back its Bank of Canada rate cut forecast

  7/18/2019 | Posted in Mortgage Interest Rates by Russell Pearsall
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.

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The era of higher mortgage rates was short-lived

  6/11/2019 | Posted in Mortgage Interest Rates by Russell Pearsall
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.

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More mortgage rate cuts could be coming for Canadian homebuyers

  1/9/2019 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming ... More

Bank of Canada announces interest rate decision

  12/14/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the ... More

Just one interest rate rise in 2019: BCREA

  12/6/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.

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The bond market is now sending a clear signal: Go with a variable-rate mortgage

  11/30/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada should hold pat on interest rates until the spring according to The C.D. Howe Institute's Monetary Policy Council.

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No rate rise at least February suggests C.D. Howe Institute

  11/7/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Bank of Canada governor Stephen Poloz says the eventual destination range for his key interest rate target — estimated by his team at between 2.5 and ... More

Landing zone for rising interest rates 'sufficiently uncertain': Poloz

  10/5/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.

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Expect two rate rises in the next 3 months

  10/2/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The new North American trade deal struck on Sunday may open the door for the Bank of Canada to pick up the pace of interest rates hikes, according to economists at some of the ... More

Pace of interest rate hikes seen picking up with trade deal in hand

  9/24/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The world's biggest central bank is expected to raise rates this week - and then keep raising them

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Canadian borrowers will feel this week's U.S. interest rate hike

  9/5/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its ... More

Bank of Canada holds interest rates steady, but October hike looms

  8/27/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Bank of Canada Governor Stephen Poloz has put an early stop to the debate over whether he might be persuaded to raise interest rates in a couple of weeks.

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Expect Bank of Canada to maintain interest rates in September, unless GDP is off the charts

  6/25/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Economists still expect BoC rate rise but the numbers need to stack up.

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Rate hike in July? It's all down to the data

  5/30/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada kept its key interest rate target on hold Wednesday but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than ... More

Bank of Canada makes interest rate announcement

  5/28/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving ... More

Mortgage rates are rising. Here's how you can save money

  5/9/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Bank of Canada will probably raise rates twice this year, likely in the summer and in fall according to Dominion Lending Centres chief economist Sherry Cooper.

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U.S. Fed continues to make itself felt in Canadian rates - DLC

  4/27/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages.

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Two Big Six banks hike benchmark rates

  4/18/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada is maintaining its trend-setting interest rate as its careful assessment of the timing of future hikes continues amid a backdrop of moderating growth.

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Bank of Canada makes interest rate announcement

  3/7/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada maintained its target for the overnight rate at 1 1/4 per cent as expected. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 ... More

Bank of Canada maintains overnight rate

  1/17/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada pushed forward with another quarter-point interest rate increase and said more hikes are likely coming, even as it cautioned it isn't in any rush to ... More

Bank of Canada Raises Interest Rate to 1.25%

  1/15/2018 | Posted in Mortgage Interest Rates by Russell Pearsall
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If the Bank of Canada decides to increase interest rates this week it will pile further pressure on millions of already-struggling households, while some lenders are already ... More

Households struggle as lenders hike rates

  12/15/2017 | Posted in Mortgage Interest Rates by Russell Pearsall
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The Bank of Canada is increasingly confident the economy will need less stimulus over time, Governor Stephen Poloz said on Thursday in an end-of-year speech that boosted the ... More

Bank of Canada's Poloz boosts expectations for hike in first quarter
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