Rate movement likely paused until the Bank sees clearer signals.
All tagged Mortgage Rate Forecast
Rate movement likely paused until the Bank sees clearer signals.
The Bank of Canada reduced its target overnight rate by ¼ percent to 4½ percent
Rates are now expected to remain higher for longer.
Inflation & global uncertainty will likely lead Bank to hold steady
Canadians felt the pinch a bit tighter in December as inflation ticked up to 3.4%
A slower economy and inflation give the Bank of Canada pause.
Bank of Canada September 6th Announcement
The Rising Cost of Borrowing: What You Need to Know About Interest Rates in 2023 and 2024