bank of canada

Interest rates paused, but remain unsustainable

December 9, 2023

Karen Savoy / Sputnik PhotographyHouse with a ‘for sale’ sign in the yard. The Bank of Canada has kept the policy interest rate at 5 per cent since Oct. 25, keeping mortgage interest rates at around 5 per cent. Currently,…

Oil prices key factor in Bank of Canada prime lending rate cut

February 5, 2015

The Bank of Canada lowered its prime lending rate from 1 to 0.75 per cent, in a decision that will affect many economic sectors such as the housing market, imports/exports and the value of the Canadian dollar. In a press…