Bank of Canada Archives - Mortgage Rates & Mortgage Broker News in Canada

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

BoC’s Macklem warns tariffs are stalling recovery, may fuel inflation

June 18, 2025 No Comments

BoC Governor says Canadian jobs and exports are already being hit by U.S. tariffs, with price pressures potentially next

January 2023 Bank Of Canada Announces Rate Decision

Why the Bank of Canada held its policy rate in June, despite rising risks

June 17, 2025 No Comments

The Bank of Canada saw enough reasons to stay put on interest rates earlier this month, even as economic clouds gathered and pressure for rate cuts grew.

Jobless rate hits 7%, but markets trim odds of July rate cut as job losses come in softer than expected

June 6, 2025 No Comments

Canada’s labour market continued to weaken in May, with the unemployment rate rising to 7%—the highest since 2016, excluding the pandemic years. But the deterioration was less severe than many economists had expected.

Kozicki: Patience needed for additional rate relief as tariffs, inflation fears linger

June 5, 2025 No Comments

The Bank of Canada is keeping a close eye on the real economy, and what it’s seeing has policymakers treading carefully when it comes to further rate cuts.

Tiff Macklem, Governor of the Bank of Canada

Bank of Canada holds at 2.75% and puts forecasts on hold too

June 4, 2025 No Comments

With tariff uncertainty clouding the outlook, the Bank is holding rates, and holding off on forward guidance.

Fixed mortgage rates rise as bond yields near 4 percent

Mortgage Digest: Fixed mortgage rates rise as lenders retreat from aggressive pricing

June 2, 2025 No Comments

RBC hiked its fixed mortgage rates for the second time in May last week, but it wasn’t the only one. A growing number of lenders have continued raising pricing in recent weeks, particularly for uninsured terms.

Bank of Canada expected to hold rates steady Wednesday as economy outperforms

June 2, 2025 No Comments

Just days ago, the Bank of Canada appeared poised to resume cutting interest rates. But stronger-than-expected GDP data released Friday may have changed the outlook.

Five things to watch for in the Canadian business world in the coming week

June 1, 2025 No Comments

Five things to watch for in the Canadian business world in the coming week:

Q1 GDP beats forecasts, pushing rate cut expectations to July

May 30, 2025 No Comments

With Q1 GDP topping forecasts, expectations for a rate cut next week are fading among some economists.

Foreign investors now hold more power over Canada’s debt than ever before

May 28, 2025 No Comments

Prime Minister Mark Carney may be leading a strong minority in Parliament, but there’s another kind of majority he may need to pay closer attention to—one that doesn’t sit in the House of Commons but has a growing influence over Canada’s finances.

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