Bank of Canada cuts key interest rate to 4.25%

Interest Rate Cut Welcome News for Homeowners With Variable-Rate Mortgages

Real estate experts say the Bank of Canada’s third consecutive interest rate cut will be cheered by those with variable-rate mortgages, but it could still be a while yet before lower borrowing costs translate into a meaningful boost to sales activity. “It’s good news that the Bank of Canada is continuing to lower the overnight rate, though we are not likely to see the effects in the housing market for quite some time,” said Ratesdotca mortgage a…

Bank of Canada cuts rates, indicates bigger cut possible

The central bank said it now needs to guard against the risk that the economy is too weak.

Bank of Canada cuts key interest rate again, bringing it to 4.25%

The Bank of Canada cut its key interest rate by 25 basis points on Wednesday, bringing it to 4.25% and marking the central bank’s third consecutive decision to do so over the past year.  “The global economy expanded by about 2½% in the second quarter, consistent with projections in the Bank’s July Monetary Policy Report,” reads a statement from the Bank of Canada. The Canadian economy grew by 2.1% in the second quarter, driven by government spen…

Bank of Canada signals further cuts as interest rates fall to 4.25%

Latest reduction comes amid weak growth and pressures on housing affordability

Bank of Canada cuts key interest rate for third consecutive time since June, here’s how it could impact homebuyers - NOW Toronto

The Bank of Canada (BoC) cut its key interest rate by 25 basis points to 4.25 per cent on Wednesday, marking its third consecutive cut since June.  The central bank says the economy grew by 2.1 per cent in the second quarter of this year, due to government spending and business investment. BoC Governor Tiff Macklem says it was slightly higher than what they forecasted in July. Bank of Canada reduces policy rate by 25 basis points to 4¼%https://…