Bank of Canada holds key rate steady at five per cent, says too early to cut

Bank of Canada holds key rate steady at five per cent, says too early to cut

Mar 6, 2024 | 9:03am
The Bank of Canada is holding its key interest rate steady at five per cent today, arguing it is still too soon to start lowering rates. The central bank says inflation has continued to ease and the economy is weakening but underlying price pressures are still persistently high. Canada’s inflation rate dropped to 2.9 per […]

Bank of Canada raises key interest rate amid stubbornly high inflation

Jun 7, 2023 | 8:36am

The Bank of Canada announced a quarter-percentage point rate hike Wednesday, the first interest rate increase since January, as high inflation persists. The central bank announced a pause earlier in January. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001. “Based on the accumulation of evidence, governing council […]

Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023

Apr 12, 2023 | 8:28am

The Bank of Canada announced today that it will continue to hold its key interest rate steady at 4.5 per cent, as was widely anticipated by economists. The central bank says recent data is reinforcing its confidence that inflation will continue to fall in the coming months. Canada’s annual inflation rate fell to 5.2 per […]

Bank of Canada Holds Interest Rates

Mar 8, 2023 | 10:31am

The Bank of Canada is holding interest rates steady for the first time in a year. The central bank says based on the assessment of recent economic data, the key rate will remain at 4.5 per cent. However, it is keeping the door open to further rate hikes if the economy or inflation run hotter than expected. Recent data shows inflation slowed […]

Mortgage experts weigh in on options when refinancing during COVID-19

Apr 7, 2020 | 6:07pm

While people are considering what to do with their debt payments during the COVID-19 pandemic, some experts are suggesting things they should keep in mind should there be a consideration to refinance their mortgage. Rob McLister, a mortgage expert at, has offered three factors that people should remember if they decide to go down […]

Liberals’ mortgage help for first-time buyers lands Sept. 2, weeks before vote

Jun 17, 2019 | 12:12pm

A new federal program aiming to give homebuyers some help covering their mortgage costs will kick in on Labour Day — weeks before a federal election — with the first payments flowing in early November, just days after voters across Canada go to the polls. The Liberals unveiled details Monday of the $1.25-billion plan, which […]