Found 4 blog entries tagged as Bank of Canada.

Bank of Canada Rate Cut: What It Means for Your Real Estate Decisions

March 12, 2025 | MaxWell Realty Market Insights

The Bank of Canada has lowered its overnight rate by 25 basis points to 2.75%, marking its seventh consecutive rate cut. At MaxWell Realty, we understand that interest rate changes directly impact your real estate decisions, whether you're buying, selling, or investing. Let's break down what this rate adjustment means for the Canadian real estate landscape.

Key Points About the Rate Cut:

  • Overnight rate: Reduced to 2.75% (down 25 basis points)
  • Bank Rate: Now at 3%
  • Deposit rate: Adjusted to 2.70%
  • Policy stance: Within the neutral range (2.25% to 3.25%)

The Economic Picture Behind the Decision

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Paul Lamba Top Producer Edmonton

The Bank of Canada once again decided to maintain its target for the overnight lending rate at 4.5% while continuing its policy of quantitative tightening.

The Bank indicated that global economic growth has been stronger than expected but will weaken due to tightening monetary policy in many countries. The Bank made special note of an expected slowdown in US sectors that will have an impact on Canadian exports.

According to the Bank, first quarter economic growth in Canada exceeded expectations, adding that labour shortages are starting to ease due to strong population growth. The Bank noted that housing activity remains subdued and consumer spending is expected to moderate as more households renew their mortgage at higher rates. The Bank…

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Brace For Even Higher Rates When The Bank of Canada Does Start Raising

Interest rates expected to climb above the previous peak for the first time in decades amid robust recovery

TORONTO — With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in interest rates climbing above the previous peak for the first time in decades.

In four major tightening cycles since the early 1990s, the Bank of Canada’s key interest rate has peaked at a level that was lower than the preceding endpoint.

But that could change in the next cycle, as historic levels of government spending globally raise prospects of an economic recovery from the COVID-19…

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Happiness is banking with ATB.

ATB Economics | March 10, 2021

Policy Interest Rate Stays Put: Bank of Canada

   

The Bank of Canada announced* this morning it is keeping its trendsetting policy interest at 0.25 per cent.

The Bank also announced its quantitative easing program will continue at its current pace of at least $4 billion per week.

Despite signs of economic recovery, the Bank’s “Governing Council judges that the recovery continues to require extraordinary monetary policy support.”

Today’s announcement maintains the stance taken by the Bank in…

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