by Dustin | Sep 8, 2022 | News, Buying, Mortgage, Resource, Selling
On September 7, 2022, the Bank of Canada announced that overnight rates have increased to 3.25%, the bank rate to 3.5%, and the deposit rate to 3.25%. We’ve seen the Bank of Canada steadily hike interest rates throughout 2022, and the latest increase is part of its...
by Dustin | Nov 6, 2021 | News
The Bank of Canada recently announced that it will not be changing the target overnight rate. It currently stands at 0.25% and there are no concrete plans to increase it. This is due to a commitment made to not raise the overnight policy rate until pandemic recovery...
