6/28/2022 | Posted in Interest Rates by Crescendo Realty
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Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s ... More

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  6/26/2022 | Posted in Interest Rates by Crescendo Realty
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The possibility of a full-percentage point interest rate hike from the Bank of Canada at its July meeting is now firmly on the table following the latest inflation data for May, ... More

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  6/16/2022 | Posted in Interest Rates by Crescendo Realty
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Economists believe it's even more likely Macklem will have the confidence to increase the benchmark rate the same as U.S. bank authority. ... More

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  6/14/2022 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The likely deceleration of the housing market would be a welcome effect, Macklem says ... More

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  6/13/2022 | Posted in Canadian Housing Market by Crescendo Realty
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Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. ... More

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  6/1/2022 | Posted in Mortgage Interest Rates by Crescendo Realty
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year – ... More

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  5/31/2022 | Posted in Mortgage Interest Rates by Crescendo Realty
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The increments in the central bank’s rate hikes will become narrower in the foreseeable future, analysts say ... More

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  5/19/2022 | Posted in Mortgage Interest Rates by Crescendo Realty
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The cost of living continued to increase in April, raising the odds that the Bank of Canada will respond forcefully with at least a 50-basis-point rate hike at its June meeting. ... More

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  5/12/2022 | Posted in Interest Rates by Crescendo Realty
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The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year. ... More

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  4/25/2022 | Posted in Interest Rates by Crescendo Realty
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Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%. ... More

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  3/27/2020 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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  3/4/2020 | Posted in Mortgage Interest Rates by Crescendo Realty
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The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit ... More

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

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  2/19/2020 | Posted in Mortgages and Real Estate by Crescendo Realty
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Crescendo Realty
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

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  12/5/2019 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

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  11/29/2019 | Posted in Mortgage Interest Rates by Crescendo Realty
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Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting. ... More

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  10/30/2019 | Posted in Interest Rates by Crescendo Realty
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The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. ... More

Real Estate & Mortgage News

  9/4/2019 | Posted in Interest Rates by Crescendo Realty
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The Bank of Canada resisted pressure from investors by declining to signal it will soon follow global peers in easing monetary policy. ... More

Real Estate & Mortgage News

  8/20/2019 | Posted in Interest Rates by Crescendo Realty
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A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says. ... More

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  7/10/2019 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

Real Estate & Mortgage News

  7/3/2019 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More

Real Estate & Mortgage News

  6/20/2019 | Posted in Canadian Economy and Interest Rates by Crescendo Realty
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More

Real Estate & Mortgage News

  5/29/2019 | Posted in Interest Rates by Crescendo Realty
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The Bank of Canada today maintained its target for the overnight rate. ... More

Real Estate & Mortgage News

  5/27/2019 | Posted in Interest Rates by Crescendo Realty
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The Bank of Canada will make its May interest rate decision Wednesday but it’s unlikely there will be a change according to a panel of experts. ... More

Real Estate & Mortgage News

  5/21/2019 | Posted in Interest Rates by Crescendo Realty
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Bank of Canada Governor Stephen Poloz said he sees the slowdown in Canada’s economy as temporary and that interest rates will likely go up – he just doesn’t know ... More

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