Bank of Canada Cuts Rate Again

Bank of Canada Cuts Rate Again

Once again the Bank of Canada lowered its key interest rate by 50 basis points – to 0.25%. This is the rate the bank charges for short-term loans between retail banks, but it may impact the rates that Canadian consumers get for savings accounts, variable rate loans,...
The Bank of Canada (BoC) cuts key lending rate

The Bank of Canada (BoC) cuts key lending rate

Following on the heels of the US Federal Reserve’s emergency interest-rate cut yesterday, the BoC has cut its key lending rate by 50 basis points. It’s now 1.25%. This may lower the rates on lines of credit and variable-rate mortgages. This comes amid a global...

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