No New Overnight Rate From Bank Of Canada

In their statement released today the Bank of Canada announced that there is no change to their overnight rate which presently sits at 1.75%, unchanged for the last seven months. The Bank had originally started a planned gradual climb in interest rates but had to hit...

No More Rate Hikes until 2020… Maybe

According to a Reuters poll taken earlier this month, 40 economists predict that the Bank of Canada will not increase interest rates until the end of 2020 and that there’s a 40% chance we will see them decrease interest rates. Their rationale? The Canadian...

If you’re looking to buy your first home it’s likely you’re in the millennial age gap (1981-1996). According to a study released by the RBC Economic Research group in February, more than 40% of Canada’s homeowners are under the age of 35, the...