Breaking News: Bank of Canada Raises Rate by 50 bps

News Breaking News: Bank of Canada Raises Rate by 50 bps The Bank of Canada has just raised its key lending rate by 50 basis points, bringing it to 1.00%. This marks the second change to the Bank’s overnight target rate this year and the first 50-bps rate hike...

Bank of Canada Raises Rates by 25 bps

News Bank of Canada Raises Rates by 25 bps The Bank of Canada has just raised its key lending rate by 25 basis points, citing… This marks the first change to the Bank’s overnight target rate in two years and the first rate hike since October 2018. In its statement...

Rate Hikes Are Coming, What Should You Do?

News Rate Hikes Are Coming, What Should You Do? The Bank of Canada may not have raised rates at its recent January meeting, but it’s clear that interest rates are headed higher tout suite. Those with a variable-rate mortgage may be understandably on edge these days,...