Thursday, September 17, 2015 @ 1:06 PM
Posted By: Bob Brown
The Bank of Canada announced on September 9th, 2015 that it was keeping its trend-setting target overnight lending rate at 0.5 per cent. Little has changed since the Bank’s previous announcement and revised economic forecast published in July. Its September announcement serves as a placeholder as the Bank awaits
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Category: Announcements
Tags: home,house,real estate,home buying,interest rate,home investment,house hunting,moving
Monday, March 9, 2015 @ 11:45 AM
Posted By: Bob Brown
Thursday, March 5, 2015 The Bank of Canada announced on March 4th, 2015 it was keeping its trend-setting overnight lending rate at 0.75 per cent. Six weeks earlier, the Bank surprised markets by cutting the rate by a quarter of a percentage point as insurance against economic damage from the
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Category: Finance
Tags: bank,bank rate,interest rate,mortgages,homes,home ownership
Wednesday, February 18, 2015 @ 12:33 PM
Posted By: Bob Brown
(NC) If you bought your home within the last five years, it may soon be time to dust off that mortgage document and consider your renewal options. Chances are, not only have mortgage rates changed, but so too have your circumstances since your last term. “Too many Canadians focus solely
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Category: Finance
Tags: interest rate,homes,houses,real estate,mortgages
Thursday, January 22, 2015 @ 11:44 AM
Posted By: Bob Brown
In a surprise move, the Bank of Canada announced on January 21st, 2015 that it was lowering its trend-setting overnight lending rate from 1 per cent to 0.75 per cent. This marks the first change to the Bank’s key interest rate in more than four years. The decision to cut
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Category: Economics
Tags: interest rate,homes,houses,real estate,mortgages
Thursday, October 31, 2013 @ 1:39 PM
Posted By: Bob Brown
The Bank of Canada announced on October 23 rd 2013 that it was keeping its trend-setting overnight lending rate at 1 per cent. It has been at this level since September 2010. The biggest change from previous statements was that it no longer hinted that the next move will be
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Category: Announcements
Tags: real estate,lending,lending rate,homes,houses,borrowing,interest rate
Friday, April 19, 2013 @ 2:43 PM
Posted By: Bob Brown
The Bank of Canada kept its key policy rate at 1 per cent on April 17 th 2013. It has been unchanged at this level for more than two and a half years. In its April policy rate announcement, the Bank lowered its forecast for Canadian economic growth to 1.5
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Category: Announcements
Tags: real estate,interest rates,housing,