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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • January 26, 2022
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is March 2, 2022. Press release  

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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • December 8, 2021
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is January 26, 2022. Press release  

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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • October 27, 2021
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is Dec. 8, 2021. Press release  

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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • September 8, 2021
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is Oct. 27, 2021. Press release  

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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • July 14, 2021
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is Sep 8, 2021. Press release  

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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • June 9, 2021
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is July 14, 2021. Press release  

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Federal Government Aligning with OFSI to create new qualifying rate for INSURED mortgages

  • May 31, 2021
  • /
  • Newsworthy

On May 20, 2021 OFSI announced a new qualifying rate for UNINSURED mortgages, now the Federal Government is following suit. As of June 1, 2021, the minimum qualifying rate for ALL mortgages (uninsured and insured) will be the greater of…

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Changes to uninsured mortgages coming June 1, 2021

  • May 21, 2021
  • /
  • Newsworthy

As of June 1st, uninsured mortgages must qualify at the greater of a 5.25% interest rate or the contract rate plus 2%. You can read the formal announcement here.

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Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • April 21, 2021
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is June 9, 2021. Press release  

Continue Reading

Bank of Canada maintains overnight rate, Prime will remain at 2.45%

  • March 10, 2021
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 2.45%. The next scheduled date for announcing the overnight rate target is April 21, 2021. Press release  

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