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  • Home
  • About Us
    • Mortgage Broker Advantage
    • Testimonials
    • Privacy Policy
  • Services
    • Residential Mortgages
    • Commercial Mortgages
    • Life Insurance
    • Interest Rates
    • Personal Loans
  • News
  • Resources
    • Market Indicators
    • FAQ
      • Brokerage
      • Mortgages
      • Financing
    • Calculators
  • Contact Us
  • Apply Now
    • Apply Online
    • PDF Application

Bank of Canada changes its thoughts from higher rate to lower rate

Mortgage Logic ©
April 24, 2019

Today the Bank of Canada (BoC), on their scheduled announcement date, decided to leave their key rate and not change it. They made it clear that there are no more thoughts of raising the rate this year. After taking stock…

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April 18, 2018 – Bank of Canada Announces No Change To Bank Rate

Mortgage Logic ©
April 18, 2018

Today the Bank of Canada (BoC) announced that it will be leaving its key rate unchanged at 1.25%. Canadian financial institutions are expected to follow suit and leave their Prime rate of lending at 3.45% Contrary to previous thinking; BoC…

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Boring Bank of Canada Announcement Foretells Wild New Things In World Economy

Mortgage Logic ©
May 5, 2016

by Buzz Grant   The Office of the Superintendent of Financial Institutions (OSFI) issued a letter this morning to all federally regulated financial institutions (FRFI). The letter expresses concern about the rising levels of household debt in Canada and serves…

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Bank of Canada Makes No Changes Today

Mortgage Logic
January 20, 2016

The Bank of Canada announced today that it will be holding the line on any Bank interest rate changes at this time. With a slower Canadian economy (projected GDP growth of 1.5%) vs. the US (projected GDP growth of 2.8%),…

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December 2nd Bank of Canada Rate Announcement

Mortgage Logic
December 2, 2015

Today the Bank of Canada announced that it will maintain its key overnight rate for the time being. In its announcement, the Bank said it will maintain the target for the overnight rate at .5 percent due to global and…

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Bank of Canada Maintains Key Rate

Mortgage Logic ©
October 21, 2015

The Bank of Canada (BoC) today announced that it is maintaining its target for the overnight rate at 1/2 per cent. Correspondingly, major financial institutions Prime rates should be staying at 2.7%, or 2.2% above BoC’s Key rate. Inflation remains…

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BoC September 2015 Announcement

Mortgage Logic ©
September 9, 2015

The Bank of Canada (BoC) today has announced that it will leave their key overnight lending rate alone at 0.5%, therefore the Prime Rate of lending used by major Canadian FI’s for lending to their best business customers should remain…

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Mortgage Logic Rate Watch – Bank of Canada leaves Key Rate untouched

Mortgage Logic ©
May 27, 2015

Today the Bank of Canada (BofC) announced (its fourth of 8 scheduled announcements for the year) that it will not be changing its benchmark key lending rate which directly affects the Prime rate of lending for major FI’s (financial institutions)….

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Bank Rate Watch: Who Benefits from Cut?

Mortgage Logic ©
January 22, 2015

Yesterday the Bank of Canada announced a 0.25% cut in their Key Overnight Lending Rate. This is the first movement in their Key Rate in four and a half years. The Bank of Canada’s main concern is how falling oil…

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September 3, 2014 BoC Rate Announcement

Harrison W Grant
September 3, 2014

The Bank of Canada has again decided to keep their key overnight lending rate unchanged. This, despite the fact that inflation (CPI) has moved closer to the 2% target. The Bank’s key rate directly influences the Prime rate which is…

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