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COVID-19 Puts The Economy On Life Support
The Bank of Canada Stands Ready To Do Whatever It Takes The Bank of Canada is taking unprecedented actions as the Canadian economy quickly deteriorates. COVID-19 has hit hard and put the global economy on life support. This month's Monetary Policy Report...
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...
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