On October 28, 2026, the Bank of Canada raised its policy rate by 25 basis points to 2.50%, its first increase since July 2023, and prime rose to 4.70%. As…
Bank of Canada Raises Policy Rate to 2.50%
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Bank of Canada Raises Its Rate to 2.50% in First Increase Since 2023 The Bank of Canada raised its policy rate by a quarter of a percentage point to 2.50%…
The Bank of Canada (BoC) raised its policy rate by a quarter point to 2.5% on October 28, 2026, its first increase since July 2023, after seven consecutive holds at…
Housing affordability has been a challenge across much of Canada, but there are still areas where owning a home remains realistic. Several markets continue to offer lower price points, smaller…
Increasingly, Canadians are opting for fixed-rate mortgages over variable-rate mortgages despite fluctuating interest rates. This preference has stayed strong through economic ups and downs, reflecting the desire for predictability in…
The Bank of Canada (BoC) raised its policy rate by a quarter point to 2.5% on October 28, 2026, its first increase since July 2023, after seven consecutive holds at…
