13 Jul 2017

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Why the Bank of Canada changes rates

This week, the Bank of Canada raised their interest rate for the first time in seven years. But if you’re unsure of what that means or how it will affect you, keep reading. The BoC raised the target for its trend-setting overnight rate to 0.75 per cent from 0.5 per cent. It was the first rate-hike since September 2010, and it happened because economic performance so far this year has been stronger than the bank had originally expected. “The accumulation of evidence and the growth in our confidence that the economy is on a solid trajectory should be good news for everybody,” Stephen Poloz, governor…

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1 Mar 2017

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Bank of Canada’s Hands Remain Tied

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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3 Jun 2016

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Bank of Canada Remains Sidelined

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is…

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24 Oct 2013

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BOC Abandons Its Interest Rate Hike Bias

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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17 Jul 2013

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Bank of Canada maintains their...

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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22 Jan 2014

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Bank of Canada hands tied

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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2 Jun 2013

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Bank of Canada remains sidelined

As you know, all variable rate mortgages, lines of credit and/or student loans are all based on the…

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12 Dec 2012

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BoC drove Canadians to lock in...

I had to laugh when I read an article titled BoC’s interest rate warnings drove homeowners to lock…

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21 Oct 2015

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Bank of Canada…no surprise here

As you know, your adjustable rate mortgage, line of credit and/or student loans are all based on the…

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15 Jul 2015

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Bank of Canada Slashes Its Rate Yet...

Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based…

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4 Mar 2015

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Bank of Canada Stays The Course

Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based…

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21 Jan 2015

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BOC Does The Unexpected

Bank of Canada Does The Unexpected…Cuts A Quarter Point Off Their Overnight Rate! As you know, your variable…

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10 Jun 2014

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Bank of Canada Announcement…will...

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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