The final Bank of Canada announcement for 2023 has arrived. For the fifth time this year, the Bank of Canada has opted to maintain its overnight rate at 5%. Will this trend continue into 2024 and beyond until inflation is closer to their target of 2%? Many are making this prediction, however, only time and […]
Bank of Canada Announcements
Trick or Treat
Just six days away from Halloween, today the Bank of Canada has announced it is maintaining the current policy rate at five percent and will hold off on further interest rate increases – for now. While this might seem like a welcomed treat for many Canadians, it’s crucial for homeowners to understand the full implications […]
It’s Not Game Over
Fall 2023 is here and the much anticipated announcement from the Bank of Canada has been released since their last update nearly two months ago. Today the Bank of Canada announced it’s decision to pause on raising the overnight rate, keeping it at five percent. But that does not mean it’s game over on the […]
Hiking Through Inflation
Embark on a journey through Canada’s economic landscape as we explore the recent Bank of Canada interest rate hike. Discover its implications on homeownership and gather insights to weather these changes. This engaging video bridges finance and hiking in a way you’ve never seen before. Watch Now: Hello, Canada! Let’s have a chat. We know […]
A Surprising Surge in Canadian Inflation
Defying anticipation, the Canadian headline inflation accelerated at an annual pace of 4.4% in April, besting predictions of a 4.1% figure. As this news only came to light after the last Bank of Canada announcement (which occured on April 12, 2023), we explore their recent response on today’s June 7th press release from Ottawa, Ontario.