Bank of Canada Stands Still

Monday Mar 13th, 2023

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BoC Didn't Increase It's Policy Rate

Weekly Steve Kornbluth (Agent with TMG Safebridge Mortgage Solutions) touches on "big news" and what it means for the mortgage market moving forward. Have a look at his thoughts for the week of March 13, 2023. The BoC didn’t increase its policy rate (but did reiterate its hawkish bias). Canadian variable-rate borrowers rejoiced last Wednesday after the BoC announced that it would hold its policy rate steady (for the first time in nine meetings, going back to... [read more]

Interest rate announcements and the Monetary Policy Report

Thursday Jan 4th, 2024

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Interest rate announcements and the Monetary Policy Report

The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. In addition, the Bank published its schedule for the release of the Business Outlook Survey and the Canadian Survey of Consumer Expectations, and the Financial System Review. Interest rate announcements and... [read more]

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