The BoC is more concerned with averting a recession than controlling inflation.
All tagged Rate Forecast
Higher interest rates and inflation are impacting the housing market
Mortgage rates high, housing market cooling
Bank of Canada Holds Rate, Maintains Tightening Despite Cooling Inflation
Rates are now expected to remain higher for longer.
Bank of Canada Walks Tightrope: Rate Cuts Risk Reigniting Housing Market
Cutting rates too soon could reignite the housing market, undermining progress on inflation.
Bank of Canada Holds Rate at 5%
Signalling Continued Caution Despite Easing Inflation
Canadian Inflation Rises to 3.4% in December, Is Relief on the Horizon?
Canadians felt the pinch a bit tighter in December as inflation ticked up to 3.4%
Bank of Canada Expected to Hold Policy Rate Steady Amid Inflation and Economic Concerns
Rates are not expected to drop any time soon.
The state of mortgage rates in Canada
Mortgage rates are nearing a peak, but there could be one or two more rate increases before rates begin to fall.