How Do Interest Rates Actually Affect You?
The Bank of Canada recently cut its key overnight interest rate to 2.25%, in an effort to ease borrowing costs in response to a softer economy and inflation that’s nearing the bank’s target. While that headline might sound like “economy stuff,” the ripple effects are everywhere — and they impact you
The Rate Cut Everyone Has Been Waiting For: BoC Drops Key Interest Rate By 0.50%
The Bank of Canada cut its overnight rate target by 0.50% to 3.75%, with the Bank Rate at 4%. Global economic growth is expected to be 3% over the next two years, while inflation has fallen near central bank targets. Growth is forecast to gradually strengthen, driven by lower interest rates, stronge
Will Falling Inflation Be Enough on September 4th?
Canada's inflation rate has fallen to 2.5%, its lowest since March 2021, signaling upcoming potential shifts in the real estate market. With the upcoming rate announcement on September 4th, experts are suggesting another rate decrease may be coming after Labour Day. Mortgage Rates and Market Trends
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