Tag: interest-rates
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Canadians Would Pay 75% More Interest With 40-Year Mortgages, Says PBO
Canada is once again debating longer mortgage amortizations as a way to fix housing affordability. But a new analysis from the Parliamentary Budget Officer (PBO) warns the idea may create more problems than it solves. While a 40-year mortgage lowers monthly payments, borrowers end up paying 75% more interest over the life of the loan. The report…
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What Experts Predict for the Dec 10 Bank of Canada Rate Announcement
The Bank of Canada’s next interest rate decision on December 10, 2025 is one of the most anticipated announcements of the year. After cutting the overnight rate to 2.25% in October, economists are now divided on whether the Bank will continue easing or pause to assess the economy. Most experts agree on one thing: a hold is now…
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Canada’s Big Banks Weigh In: Will the Bank of Canada Cut Interest Rates on April 16?
With the Bank of Canada’s (BoC) next interest rate announcement scheduled for April 16, 2025, uncertainty is running high. Economists remain divided on whether the BoC will hold or cut the policy rate for the eighth time since June 2024, as global trade tensions and domestic economic signals collide. As of the last cut on…
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Experts predict a 0.25% rate cut from the Bank of Canada on Jan 29 2025
As the new year begins, Canadians are eagerly anticipating the Bank of Canada’s (BoC) first interest rate announcement of 2025. Scheduled for January 29, this update is expected to reveal key insights into the central bank’s strategy to address ongoing economic challenges. Experts are already weighing in on what to expect. Reflecting on the Final…
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Bank of Canada Cuts Interest Rates By 50bps to 3.25%: What It Means for Canada’s Housing Market
On December 11, 2024, the Bank of Canada made its second consecutive half-point rate cut, lowering the policy interest rate from 3.75% to 3.25%. This marks the fifth consecutive rate cut since June and signals a shift towards a more gradual approach to monetary easing. In a statement, Governor Tiff Macklem emphasized that while inflation…
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Why Economists Are Changing Their Predictions: 50 Bps Rate Cut Likely from Bank of Canada Tomorrow
As the Bank of Canada prepares to announce its interest rate decision tomorrow, December 11, 2024, economists across the country are adjusting their predictions. Initially uncertain, many are now leaning towards a 50-basis-point (bps) rate cut, with top institutions like Scotiabank and the Bank of Montreal (BMO) joining the growing consensus. This decision could have…
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Canada’s Inflation Rate Rises to 2% in October, Lowering Likelihood for Large Rate Cuts
Canada’s inflation rate unexpectedly climbed back to 2.0% in October 2024, driven by a smaller decline in gasoline prices and rising grocery costs. This marks the first increase in the annual inflation rate since May, aligning with the Bank of Canada’s forecasts and curbing market expectations for a significant rate cut next month. The news…
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What the Latest U.S. Federal Reserve Rate Cut Could Mean for Canadians
With the U.S. Federal Reserve cutting interest rates once again, Canadians may feel some ripple effects across various aspects of the economy. As the Fed’s policies impact the U.S. economy, Canada often experiences a spillover effect due to the close economic ties between the two countries. Here’s how this rate cut might influence Canadians in…
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Don’t Rule Out a 75-Point Rate Cut: Bank of Canada Set for Big Decision
The Bank of Canada is set to make a major announcement on its overnight interest rate tomorrow, and most economists are predicting a significant cut. While a 50-basis-point reduction is the most likely outcome, some experts suggest that an even bigger cut—75 basis points—could be on the table. Could We See a 75-Basis-Point Cut? Avery…
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Canadian Inflation Drops to 1.6% in September – A Big Rate Cut Might Be Coming
In September, Canada’s inflation rate dropped to 1.6%, the lowest it’s been since February 2021. This decrease is mainly due to falling gas prices and is raising hopes that the Bank of Canada will cut interest rates to help boost the economy. Many economists are now predicting that at the Bank of Canada’s next meeting…
Canada Housing Market 