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...
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...
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