What Happened in Today’s Announcement   The Bank of Canada (BoC) kept the overnight rate at 2.25% for the fourth consecutive time. This decision aligns with expectations from economists and markets. Governor Tiff Macklem noted that the current rate is likely...

Bond yields have been drifting lower, and that’s creating early signs of downward pressure on fixed mortgage rates. Even though most fixed terms are still hovering near 4-4.5%, economists point out that the underlying data tells a more nuanced story. Recent jobs...

Canada’s inflation story took a meaningful turn in January, offering a clearer signal to homeowners, buyers, and anyone watching mortgage rates. With annual inflation easing to 2.3%, down from 2.4% in December, the data shows a gradual cooling trend that economists...

Canada’s inflation rate edged up to 2.4% in December 2023, slightly higher than economists expected. While this headline number suggests rising price pressures, a closer look reveals a more complicated - and less alarming - story. Why Inflation Ticked Up The increase...

2026 Interest Rate Forecast A clear guide for homeowners, buyers, and anyone watching Canada’s interest‑rate landscape. The Bank of Canada’s policy rate announcements shape everything from mortgage payments to bond markets to overall economic confidence. With eight...

The Bank of Canada held its policy rate at 2.25% The Bank of Canada announced yesterday that it is holding the policy rate at 2.25%, the lower end of its estimate of the neutral overnight rate—where monetary policy is neither expansionary nor contractionary. With...