Tag: Rate cut

  • Bank of Canada Sept 17th Rate Cut: What It Means for You

    Bank of Canada Sept 17th Rate Cut: What It Means for You

    September 17, 2025: Today, the Bank of Canada (BoC) announced a quarter-point (0.25%) rate cut, lowering the overnight rate from 2.75% to 2.50%. Here’s what’s behind the decision, and what it could mean for homeowners and borrowers across Canada. Why the BoC Cut Rates The Bank of Canada’s move marks a shift from a period…

  • Bank of Canada’s Rate Cut: What’s Next for Mortgage Holders?

    Bank of Canada’s Rate Cut: What’s Next for Mortgage Holders?

    March 12th, 2025: The Bank of Canada has lowered its overnight rate by 25 basis points to 2.75%, marking its seventh consecutive rate cut. While this move was anticipated, it comes amid ongoing economic uncertainty and the potential fallout from U.S. trade tensions. The central bank has signaled that further adjustments may be necessary, but…