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December 6, 2023
Bank of Canada Keeps Rates and Rate-cut Hopefuls on Hold

Great news this morning - the Bank of Canada held it’s overnight rate at 5%! The Bank of Canada knows full well that high rates are squeezing borrowers, yet, it’s in no hurry to signal rate cuts and rekindle inflation, warning that it “remains prepared to raise the policy rate further if needed.” Notably, the […]

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March 8, 2023
Bank of Canada Holds Steady on March 8, 2023

BREAKING NEWS: Bank of Canada has left its key interest rate unchanged For the first time in a year, the Bank of Canada has lefts its overnight target rate unchanged, keeping it at 4.50%. In a statement released this morning, the Bank noted, “Global economic developments have evolved broadly in line with the outlook in […]

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October 26, 2022
Bank of Canada Rate Update on October 26, 2022

This morning the Bank of Canada announced an increase to their policy interest rate by 50 basis points from 3.25% to 3.75% as they continue their quantitative tightening. This increase in the Bank of Canada rate will mean a change to the Prime Lending Rate. Banks and other financial institutions will raise their prime rate […]

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