Bank of Canada Keeps Policy Rate Unchanged at 2.75% The Bank of Canada has left its overnight interest rate target at 2.75%. This marks the third consecutive meeting the Bank has kept rates on hold, in part due to ongoing U.S. trade policy negotiations and the threat of new sector-specific tariffs. Despite these challenges, the Bank noted that “In Canada, U.S. tariffs are disrupting trade, but overall, the economy is showing some resilience so far. After robust growth in the first... [read more]

📍Opportunity Knocks: Why Now’s a Smart Time to Buy in the GTA Let’s be real — the GTA market hasn’t been easy for buyers over the last few years. But 2025? It’s different. Whether you’re a first-time buyer, an investor, or planning your next move-up, opportunity is back on the table — and it’s showing up in more ways than one. 💰 Prices Have Softened — But Won’t Stay Low Forever The average home price in the... [read more]

Bank of Canada’s Rate Decision: Stimulus vs. Risks The Bank of Canada’s December 11 rate announcement is creating buzz, with most analysts predicting another oversized interest rate cut. If they proceed with a 50-basis-point reduction, the policy rate will drop to 3.25%, a level designed to neither stimulate nor restrain economic growth. Why a Big Cut is Expected Inflation is now at the central bank’s 2% target, GDP growth fell short of forecasts in Q3, and... [read more]

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. The global economy grew by about 3% in the first quarter of 2024, broadly in line with the Bank’s April Monetary Policy Report (MPR) projection. In the United States, the economy expanded more slowly than was expected, as weakness in exports and inventories weighed on... [read more]

While BoC stands pat, interest rates are starting to change fast. Mortgage relief is starting, even as the Bank of Canada continues to leave its benchmark overnight rate untouched. But alongside change comes a marked decline in rates guaranteed investment certificates. Now is the time to zero in on what’s happening with the interest rates that interest you. Note…other rates are indirectly influenced by the overnight rate, but move independently. For example, the cost of fixed-rate... [read more]