Bank of Canada interest rate announcement
Bank of Canada maintains an overnight rate of 5%. No Rate Increase. Policy interest rate - The Bank of Canada carries out monetary policy...
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Sameer Nagpal
- Jul 12
- 1 min
Bank of Canada Interest Rate July 2023
Bank of Canada hikes rate to 5%, expects inflation to be above 2% until mid-2025 Policy interest rate - The Bank of Canada carries out...
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Sameer Nagpal
- Feb 8
- 1 min
Variable VS Fixed rates in today's real estate market
In today's real estate lending market, where interest rates have gone up and the cost of borrowing is expensive, which has directly...
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Sameer Nagpal
- Jan 25
- 1 min
Policy Interest Rate Hikes by BOC in January 2023
The Bank of Canada increased its target for the overnight rate by .25% this morning raising the overall rate to 4.50% and is continuing...
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Sameer Nagpal
- Jan 1
- 1 min
Happy New Year
Wish you all a very Happy and Prosperous 2023
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Sameer Nagpal
- Dec 7, 2022
- 1 min
Policy Interest Rate Hikes by BOC in December 2022
Bank of Canada increases the policy interest rate by another 50 basis points, raising the overall rate to 4.25%. The move was widely...
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Sameer Nagpal
- Nov 1, 2022
- 2 min
What is Trigger Rate and Trigger Point
With rising inflation and today's economic conditions, it's all about savings and cash in our pockets. One of the biggest hits is paying...
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Sameer Nagpal
- Oct 26, 2022
- 1 min
Policy Interest Rate Hikes by BOC in October 2022
The Bank of Canada today increased its target for the overnight rate to 3.75%, a half percent increase, following a 0.75 percent increase...
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Sameer Nagpal
- Oct 1, 2022
- 3 min
Where Will Rising Interest Rates Hurt Most?
Rising inflation combined with a strengthening post-pandemic economy gives both reason and opportunity for the Bank of Canada (BOC) to...
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Sameer Nagpal
- Sep 7, 2022
- 1 min
Policy Interest Rate Hikes by BOC in Sept 2022
Another .75% hike by BOC has been announced today, which will be in effect from tomorrow. This is the fifth 2nd highest hike in the past...
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Sameer Nagpal
- Jul 13, 2022
- 1 min
Policy Interest Rate Hikes by BOC in 2022
Below chart: courtesy https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/
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Sameer Nagpal
- Jul 13, 2022
- 1 min
BOC Rate Hike by 1%, biggest jump since 1998.
Bank of Canada, today, raised its benchmark interest rate today by a full percentage point to bring it to 2.5% in total. That's the...
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Sameer Nagpal
- Mar 3, 2022
- 1 min
Bank Of Canada announces rate increase by .50%
How does this impact your Variable Interest Rate Mortgage (VRM) monthly payments? I get this question lot of time for variable interest...
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Sameer Nagpal
- Jan 26, 2022
- 2 min
Bank of Canada : Rate Announcement
Bank of Canada signals rate hikes coming soon, leaving key interest rates unchanged for now. The Bank of Canada today held its target for...
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