Blog - Interest rates

New mortgage rules coming in 2018

Earlier this week, the Office of the Superintendent of Financial Institutions released details of mortgage changes that will take effect 1...

Stephen Poloz, the governor of the Bank of Canada, seemed to surprise a few with the decision to raise the benchmark rate again. The .25 point...

The Bank of Canada announced this week that they were increasing their overnight rate by 25 percentage points, the second such raise in as many...

The Bank of Canada finally increased its bench mark rate to 0.75% (up 0.25 percentage points) after 7 years of leaving the key interest steady...

For the first time in 7 years, the Bank of Canada didn’t announce that they were keeping their overnight rate at 0.5%. Instead, they...

Earlier this week, the Bank of Canada sidestepped a cut to its key overnight rate, keeping it at 0.5%. Even thought there has been a...