No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages.
If you’ve ever signed a contract – for a cell phone, cable package or a bank account – you’ve likely noticed the wording “terms may be subject to change”. They don’t just put that in there for the heck of it – it’s up to you as a consumer to ensure you’re still getting the best service for your buck.
Is this the best spring mortgage season ever? With some of the lowest posted mortgage rates in history now available, home buyers are sure to benefit from lender competition. Read on for all the details.
No change was announced today for central interest rates – the Bank of Canada is sticking to status quo, as the impact of dropping oil prices is still being felt throughout the economy. Here’s what consumers should know.
The Bank of Canada could change interest rates again in what has been an unpredictable year for rate watchers.
Interest rates in Canada should stay put until at least next year, according to one of Canada’s most respected think tanks. A new report from the C.D. Howe Institute finds the Bank of Canada should leave rates untouched until 2015, followed by a 0.5 per cent increase next fall, in order to let the economy truly recover. What will this mean for your mortgage, savings and investments? Read on to find out.
The Bank of Canada has maintained the Overnight Lending Rate at 1 per cent, once again – and if you respond to that news with a “so what”, you’re certainly not alone.
Fixed mortgage rates will lower slightly in November, while variable rates will remain unchanged for the long term, according to the RateSupermarket panel.
Mortgages Spotlight: The Bank of Canada removed its rising rate bias from the recent announcement. Does this signal longer stability for variable rates?
The Bank of Canada released the latest rate announcement Wednesday, but did not include a future rate movement forecast for the first time since April 2012.