Tag: Bank of Canada interest rate
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Canadian Home Sales Decline 1.7% in September 2025
The Canadian housing market showed signs of cooling in September 2025, as home sales declined 1.7% month-over-month, according to new data from the Canadian Real Estate Association (CREA). The drop ends a streak of steady monthly increases that began in April. Despite this pullback, activity remains strong compared to previous years, with sales running at their highest September level since…
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Bank of Canada cuts key interest rate for first time since March, bringing policy rate to 2.5%
The Bank of Canada has officially lowered its key interest rate for the first time since March 2025, cutting the policy rate by 25 basis points to 2.5%. The move had been widely anticipated by economists, as signs of economic weakness and cooling inflation have been building throughout the summer. Why Did the Bank of Canada…
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Bank of Canada Lowers Key Interest Rate to 4.25% Amid Slowing Inflation
The Bank of Canada has reduced its benchmark interest rate for the third time in a row, bringing the rate down to 4.25%. This decision, announced on September 4, 2024, reflects the central bank’s response to cooling inflation and growing concerns about economic growth. The widely anticipated quarter-percentage-point cut follows a series of interest rate…
Canada Housing Market 