As we bid farewell to 2024, the Bank of Canada has gifted us a parting present that will keep giving into the new year—a substantial 50 basis point reduction in the overnight rate, now at 3.25%. This latest cut caps off a year of proactive monetary policy adjustments aimed at […]
Monthly Archives: December 2024
2 posts
People are confused—they hear rates are going down, but then they’re told fixed rates are going up. Here’s why: It’s tied to the U.S. election. Canadian bond yields have jumped over 61 basis points in just two months, and when bond yields rise, fixed rates usually follow. The good news? […]
