The Bank of Canada might be realizing that they may have gone too far. The Bank today made another big move and will reduce the overnight rate by 0.50%. Prime will drop to 5.45% (previously 5.95%).
At the eighth(last) announcement of 2024 and for the fifth time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 5.45%. The next scheduled date for announcing the overnight rate target is…
Bank of Canada makes a BIG move and REDUCES overnight rate by 0.50%, Prime will drop to 5.95% (previously 6.45%).
At the seventh announcement of 2024 and for the fourth time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 5.95%. The next scheduled date for announcing the overnight rate target is…
Boldest Mortgage Reforms in Decades
Effective Dec 15, 2024, the price cap for Insured mortgages will be raised from $1,000,000 to $1,500,000. This will allow buyers the ability to purchase a home over $1,000,000 without having a 20% down payment. Also, previously only for first…
Bank of Canada REDUCES overnight rate, Prime will drop to 6.45% (previously 6.70%).
At the sixth announcement of 2024 and for the third time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 6.45%. The next scheduled date for announcing the overnight rate target is…
Bank of Canada REDUCES overnight rate, Prime will drop to 6.70% (previously 6.95%).
At the fifth announcement of 2024 and for the second time this year the Bank of Canada today decided to reduce the overnight rate. Prime will fall to 6.70%. The next scheduled date for announcing the overnight rate target is…
Bank of Canada REDUCES overnight rate, Prime will drop to 6.95% (previously 7.20%).
At the fourth announcement of 2024, the Bank of Canada today has finally decided to reduce the overnight rate which means Prime will fall to 6.95%. The next scheduled date for announcing the overnight rate target is July 24, 2024….
Bank of Canada maintains overnight rate, Prime will stay at 7.20%.
For the third announcement of 2024 (6th in a row), the Bank of Canada has decided to maintain the overnight rate today which means Prime will remain at 7.20%. The next scheduled date for announcing the overnight rate target is…
Bank of Canada maintains overnight rate, Prime will stay at 7.20%.
For the second announcement of 2024 (5th in a row), the Bank of Canada has decided to maintain the overnight rate today which means Prime will remain at 7.20%. The next scheduled date for announcing the overnight rate target is…
Bank of Canada maintains overnight rate, Prime will stay at 7.20%.
For the first announcement of 2024 (4th in a row), the Bank of Canada has decided to maintain the overnight rate today which means Prime will remain at 7.20%. The next scheduled date for announcing the overnight rate target is…