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Why Are Mortgage Rates Rising?
Why Are Mortgage Rates Rising? During the past month, mortgage rates have been slashed by the Bank of Canada. They have lowered the overnight lending rate by a whopping 150 bps (1.5%) to a mere 0.25%. Most believe mortgage rates would fall as well, but...
Bank of Canada Cuts Rates 50 bps…Again
Bank of Canada Cuts Rates 50 bps to Restore "Financial Market Functionality" For the third time in three weeks, the Bank of Canada lowered its target rate by 50 bps. This was an unscheduled rate decision that leaves the overnight rate at 0.25%. This moves...
Bank of Canada Slashes Interest Rates by 50 BPS
The Bank of Canada Gets Aggressive For the first time in 4 years, the Bank of Canada has eased monetary policy. Following the US Federal Reserve's lead, the Bank of Canada surprised some by slashing rates by 50 bps. The Bank of Canada also took a more dovish tone...
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