The Bank of Canada interest rate is staying at 1.75% for March 2019. On March 6, 2019, the Bank of Canada (BOC) announced they are maintaining the overnight interest rate for the time being. Their reasons were: The slowdown to the global...
There will be no interest rate increase this month, or in February 2019. The Bank of Canada (BOC) announced on January 9, 2019 that the overnight interest rate would remain at 1.75% for the time being – at least until the next announcement...
Good news for 2018: we won’t be seeing any more Bank of Canada interest rate increases this year. On December 5, 2018, the Bank of Canada (BOC) announced that the overnight interest rate would stay at 1.75% for the month of December. The next...
Canadian interest rates are on the rise. From July 2017 to April 2018, the Bank of Canada (BOC) interest rate rose from 0.5% to 1.25% — the highest it’s been in nine years. The question on everyone’s mind is will Canadian interest rates keep...
Higher interest rates for Canadians are continuing in 2018. On January 17, 2018, the Bank of Canada (BOC) announced an interest rate increase to 1.25 per cent. The BOC interest rate affects all forms of debt, including student loans, home...