Mortgage Logic

Economics

Bank of Canada Stays Key Rate, but Addresses Near Future Easing

The Bank of Canada (BoC) today, at its regular scheduled announcement, decided to leave its Key Overnight Lending rate at 5.0%. BoC has observed that inflation has recently cooled off from its highs in 2023, (February core inflation being 2.8%), demonstrating that rising prices are coming under control. It still needs to see more of

Bank of Canada Stays Key Rate, but Addresses Near Future Easing Read More »

The Bank of Canada holds firm on Key Rate today – October 25, 2023

The Bank of Canada today held its target for the overnight rate at 5%. The Bank is continuing its policy of quantitative tightening (selling debt from its books). The global economy is slowing past increases in policy rates and the recent surge in global bond yields are slowing demand. The Bank projects global GDP growth

The Bank of Canada holds firm on Key Rate today – October 25, 2023 Read More »