Mar 4, 2015 | Interest rates, Mortgages
The Bank of Canada announced today that—unlike their cut to interest rates 6 weeks ago—they’re keeping interest rates steady at 0.75%, signalling to lenders that it’s not quite time for more change yet. The economy delivering on expectations was the reason the bank...
Jan 28, 2015 | Interest rates, Mortgages
The Bank of Canada announced last week that it’s cutting its key overnight lending rate by a quarter of a percentage point because of plunging oil prices. A combination of high supply and low demand—particularly outside of the US—has caused the low oil prices. While...