Tag Archives: BOC

Bank of Canada update – July 13 2022

Credit, Mortgages, Rates, Real Estate, UncategorizedBy Catherine Ellis July 13, 2022 Leave a comment

As we have all been waiting for the latest announcement by the Bank of Canada – which took place this morning. They went in aggressively deciding to rise the BOC (Bank of Canada) overnight lending rate by an additional 100bps or 1%. This rate is utilized by the banks to determine the rate to which

Variable Rate Update – Bank of Canada Announcement May 30th, 2018

Investments, Mortgages, Real Estate, SavingsBy Catherine Ellis June 1, 2018 Leave a comment

The Bank of Canada met this week to determine whether to increase the Bank of Canada Overnight Lending Rate (which dictates the Prime Rate) or maintain it’s current overnight rate at 1.25% currently. This week The Bank of Canada maintained its target for the overnight rate at 1.25%, which the prime rate is currently set