Tag: 2025 rate announcements date

  • The Bank of Canada Cuts It`s Policy Rate By another 50 Basis Points

    The BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.25%.Today’s move will take the prime rate down 50 bps to 5.45% effective tomorrow, reducing floating rate mortgage loan rates by a half point, easing the cost of borrowing and reducing the monthly payment increase for renewals. This should spark… Read more