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Bank of Canada Holds Rates in April, but Future Hikes Coming Soon…

by Saroj Aggarwal | Updated: Jun 24, 2019 | bank of canada, BoC, interest rates, prime rates | Mortgage

Bank of Canada holds rates in April Canada’s central bank, the Bank of Canada, recently left interest rates untouched and cited data that’s much weaker than expected for the year’s first quarter. In its Monetary Policy Report, released in April 2018, Bank...

How the Bank of Canada’s Interest Rates Hike Affects You

by Vik Palan, CompareMyRates | Updated: May 24, 2019 | bank of canada, BoC | News

You’ve probably heard about the Bank of Canada’s (BoC) interest rates hike from 1% to 1.25%. Did you pass off the news as insignificant without thinking about how it would affect you? Take a look at how the interest rates have fluctuated in the past years:...

Experts Warn: Key Interest Rate Will Likely Rise Again in April

by Vik Palan, CompareMyRates | Updated: May 1, 2019 | bank of canada, BoC | News

While the country is still reeling under the news of the rise in interest rates by 25 percentage points by the Bank of Canada this January, more information is being released by the Parliament’s fiscal organization. Experts are looking at a projected further rise in...