Mortgage Advisors Canada - ClearHome Mortgage Solutions

Bank of Canada lowers overnight rate target to ¾ percent

More to come early next week, but just so you are aware: The Bank of Canada today lowered its target for the overnight rate by 50...

Finance5 years ago

Bank of Canada lowers its key interest rate by 50 basis points to 1.25 per cent

Today the Bank of Canada lowered its target for the overnight rate by 50 basis points to 1.25 per cent. Alarms sounded around the world on...

Finance5 years ago

Several banks match Bank of Canada with 50 basis point cut to prime interest rate

TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5. The moves by the...

Finance5 years ago

Bank of Canada rate cut to mean cheaper borrowing and lower interest on savings

TORONTO — The Bank of Canada cut its key lending rate by half a percentage point on Wednesday over concerns of the novel coronavirus. Here’s some of...

Business5 years ago

Ottawa changing stress test rate for insured mortgages starting April 6

The federal government is changing the stress test rate for insured mortgages starting April 6.

Finance5 years ago

Bank of Canada Holds Key Target Rate at 1.75%

The Bank of Canada is maintaining its key target interest rate at 1.75%, and the reasons given are board and point fingers everywhere. From general statements...

Credit5 years ago

If you’re lucky enough to get a holiday bonus, don’t blow it on an impulse

When Julia Faletski landed her first holiday bonus, the then-bank worker felt a wave of excitement because of her job well done. But then came some...