The Bank of Canada has cut rates for the second time this year, bringing the cost of borrowing to 0.5%. How will this affect borrowers, homeowners and the economy? Read on for the full story.
Is a Canadian recession inevitable? Recent economic data paints a grim picture, and many believe the Bank of Canada will respond with another rate cut. Here’s what you need to know.
What’s the biggest risk to our economy? It’s not the low price of oil – the Bank of Canada recently revealed that high levels of household debt and steep housing market are their biggest causes for concern. Here’s what that means for you.
The timing of the US Fed hike has been long speculated upon – any movement in central rates there would have deep implications for other nations’ interest rates – especially Canada’s. Here’s what you need to know.
Today’s Bank of Canada announcement left interest rates untouched for the time being, but speculation remains over whether interest rates will change again this year. Most economists believe they’ll rise by next year – but some are calling for opposite action. Check out our breakdown.
The Bank of Canada inflation target is an important way to measure our economy’s health – but there’s recent talk of changing the target altogether. Does this spell bad news for the economy? Read on to find out.
What do Canadians want from their banks? Convenience, transparency, and a lack of fees top consumer wishlists – but it doesn’t appear all lenders are listening. Account fees are slated to rise at the big 5 FIs over the coming weeks, meaning you’ll pay more to access your cash. Meanwhile, confusion persists for credit card …
What are Bank of Canada Rates? Here’s what you need to know about the Overnight Lending rate, Prime rate and Qualifying rate.
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.