Tag: Canada interest rates
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The Bank Of Canada Just Warned Interest Rates Could Go Up More Than Once
Canadians who have been waiting for interest rates to fall could be in for a surprise, because the Bank of Canada is now warning that rates may need to go up again. The Bank of Canada held its policy interest rate at 2.25% on September 2, keeping it unchanged for another meeting. But what Governor…
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Brampton Now Has Canada’s Highest Mortgage Delinquency Rate
New data suggests more homeowners in Brampton are falling behind on mortgage payments as financial pressure continues building across parts of the Greater Toronto Area. According to data from Equifax Canada highlighted by The Globe and Mail, Brampton now has the highest mortgage delinquency rate in Canada at approximately 0.6% – nearly three times the…
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Bank of Canada Cuts Interest Rates Again as U.S. Tariffs Shake Canadian Economy
The Bank of Canada has cut interest rates to 2.25%, its second consecutive drop, as U.S. tariffs and trade tensions weigh heavily on Canada’s economy.
