The Bank of Canada (BoC) announced this morning that it is holding its overnight policy rate at 2.75%. As a result, most lenders’ prime lending rate will remain at 4.95%. This marks a pause in what had been a steady trend of rate cuts earlier this year. Why the Pause? While inflation […]
Daily Archives: April 24, 2025
3 posts
If your mortgage term is coming to an end this year, you’re not alone – millions of Canadians are in the same boat. With interest rates higher than they were five years ago, it’s more important than ever to explore all your options before signing a renewal. Here’s a quick […]
As we continue through the first quarter of 2025, the financial landscape has evolved significantly, influenced by the Bank of Canada’s latest decision to lower the overnight rate to 2.75%. This move, aimed at bolstering economic resilience amidst escalating trade tensions, has brought the prime lending rate down to 4.95%, […]
