Learn how interest rates impact your savings and borrowing. What causes them to rise and fall and find how their movements affect your money.
On March 12 the BoC reduced its benchmark rate to 2.75%, its seventh straight cut. This reduction coupled with recent changes to mortgage rules, may…
The Bank of Canada’s (BoC) latest Monetary Policy Report provides a comprehensive look at how its monetary policy is shaping critical aspects of the…
Following the Bank of Canada’s latest interest rate announcement, these questions are sure to surface once again. After all, a 50-bps interest rate…
In a move widely anticipated by financial experts, the Bank of Canada reduced its overnight policy rate by another 25 basis points, bringing the rate…
More From Understanding Interest Rates
On March 12 the BoC reduced its benchmark rate to 2.75%, its seventh straight cut. This reduction coupled with recent changes to mortgage rules, may…
The latest interest rate announcement, which revealed a reduction of 25 basis points, continues to signal good news for both current and prospective…
In its December 11 announcement, the BoC reduced its benchmark rate to 3.25%. This reduction complements upcoming new mortgage rules, designed to help…