Bank of Canada keeps rates low. Again.

Bank of Canada keeps rates low. Again.

The Bank of Canada announced today, unsurprisingly, that it was keeping its overnight rate target at 0.5%. The bank considers that inflationary risk is “roughly balanced” and “financial vulnerabilities continue to edge higher” as the Canadian economy continues to...
How oil prices affect your mortgage

How oil prices affect your mortgage

Despite economists forecasting a cut in interest rates, the Bank of Canada announced that it’ll maintain its target for the overnight rate of 0.5%. Commodities and oil prices continue to take a hit, negatively impacting the economy. Since the last governor meeting in...