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More relief for variable rate mortgage holders. The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 6.70%. The next scheduled date for announcing the overnight rate target is June 7, 2023.

The Bank of Canada has decided to maintain the overnight rate today. Prime will remain at 6.70%. The next scheduled date for announcing the overnight rate target is April 12, 2023.

The Bank of Canada has decided to raise the overnight rate today by 0.25%. Expect Prime to rise to 6.70% (previously 6.45%). The next scheduled date for announcing the overnight rate target is March 8, 2023. Press release  

The Bank of Canada has decided to raise the overnight rate today by 0.50%. Expect Prime to rise to 6.45% (previously 5.95%). The next scheduled date for announcing the overnight rate target is January 25, 2023. Press release  

The Bank of Canada has decided to raise the overnight rate today by 0.50%. Expect Prime to rise to 5.95% (previously 5.45%). The next scheduled date for announcing the overnight rate target is December 7, 2022. Press release  

The Bank of Canada has decided to raise the overnight rate today by 0.75% in an effort to stop inflation. Expect Prime to rise to 5.45% (previously 4.70%). The next scheduled date for announcing the overnight rate target is October…

For the first time since 1998 the Bank of Canada has decided to raise the overnight rate today by 1.00% (four regular 0.25% increases) in an effort to fight escalating inflation .  Expect Prime to rise to 4.70% (previously 3.70%)….

For the second time in 22 years the Bank of Canada has decided to raise the overnight rate today by 0.50% (two regular 0.25% increases).  Expect Prime to rise to 3.70% (previously 3.20%). The next scheduled date for announcing the…

For the first time in 22 years the Bank of Canada has decided to raise the overnight rate today by 0.50% (two regular 0.25% increases).  Expect Prime to rise to 3.20% (previously 2.70%). The next scheduled date for announcing the…