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Dec 7, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening.
Oct 26, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening.
Sept 7, 2022
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative tightening.
Jul 25, 2022
Canada’s housing market faces ‘historic correction’ that could see sales drop 42%, RBC says
Canada’s largest bank predicts home prices could drop by more than 12% early next year and unit sales could drop 42% between early 2021 by end of next year, making it the worst slump since the early 1990s.
Jul 18, 2022
How the central bank's latest big hike is squeezing Canadians with mortgages
People with variable-rate mortgages or whose terms are set to expire are worried about what's next
Jul 13, 2022
How the Bank of Canada’s rate hike will impact mortgages, loans and spending
The Bank of Canada increased its key interest rate by one percentage point Wednesday in the largest hike the country has seen in 24 years.
Jul 4, 2022
Mortgage rates are rising, but here’s why you won’t see a rash of Canadians losing their homes
From our banking system to women in the workforce, experts lay out all the reasons Canada isn’t headed for U.S. sub-prime-style delinquency rates.
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