Posts Tagged ‘Bank of Canada’
Analyzing Canadian Inflation Trends: A Closer Look at July’s CPI Report
As summer heats up in Canada, so does anticipation for the July Consumer Price Index (CPI) report. The Bank of Canada closely watches this data to make decisions on future rate hikes. In this blog post, we break down the main points of ...
Bank of Canada’s Rates Increase: How It Impacts Your Mortgage
The Bank of Canada's recent interest rate hike, the seventh this year, is set to impact mortgage payments across the country. With the prime rate increasing, homeowners can expect higher variable mortgage rates. This blog breaks down ...
Bank of Canada Raises Overnight Rate as Economy Gains Momentum
The Bank of Canada (BoC) recently increased the overnight rate to 4.75%, signaling a shift after a temporary pause. This decision, influenced by a strong housing market, aims to balance supply and demand and maintain sustainable inflation. Howe...