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Bank of Canada maintains overnight rate, Prime will stay at 7.20%.

  • December 6, 2023
  • /
  • Newsworthy

For the third announcement in a row, the Bank of Canada has decided to maintain the overnight rate today which means Prime will remain at 7.20%. The next scheduled date for announcing the overnight rate target is January 24, 2024….

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Bank of Canada maintains overnight rate, Prime will stay at 7.20%.

  • October 25, 2023
  • /
  • Newsworthy

For the second announcement in a row, the Bank of Canada has decided to maintain the overnight rate today which means Prime will remain at 7.20%. The next scheduled date for announcing the overnight rate target is December 6, 2023….

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Bank of Canada maintains overnight rate, Prime will stay at 7.20%.

  • September 6, 2023
  • /
  • Newsworthy

The Bank of Canada has decided to maintain the overnight rate today which means Prime will remain at 7.20%. The next scheduled date for announcing the overnight rate target is October 25, 2023. https://www.bankofcanada.ca/2023/09/fad-press-release-2023-09-06/  

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Bank of Canada increases overnight rate by 0.25%, Prime should rise to 7.20%.

  • July 12, 2023
  • /
  • Newsworthy

The Bank of Canada has decided to raise the overnight rate today by 0.25%. Expect Prime to rise to 7.20% (previously 6.95%). The next scheduled date for announcing the overnight rate target is September 6, 2023.  

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Bank of Canada increases overnight rate by 0.25%, Prime should rise to 6.95%.

  • June 7, 2023
  • /
  • Newsworthy

The Bank of Canada has decided to raise the overnight rate today by 0.25%. Expect Prime to rise to 6.95% (previously 6.70%). The next scheduled date for announcing the overnight rate target is July 12, 2023.  

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Bank of Canada maintains overnight rate, Prime will remain at 6.70%.

  • April 12, 2023
  • /
  • Newsworthy

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.

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Bank of Canada maintains overnight rate, Prime will remain at 6.70%.

  • March 8, 2023
  • /
  • Newsworthy

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.

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Bank of Canada increases overnight rate by 0.25%, Prime should rise to 6.70%.

  • January 25, 2023
  • /
  • Newsworthy

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  

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2023 Bank of Canada Interest Rate Announcement Schedule

  • January 4, 2023
  • /
  • Newsworthy
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Bank of Canada increases overnight rate by 0.50%, Prime should rise to 6.45%.

  • December 7, 2022
  • /
  • Newsworthy

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  

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If you’ve been hearing a lot of noise about the mortgage market lately, you’re not alone.Headlines tend to focus on what’s alarming — but the reality is far more balanced. Today’s mortgage environment isn’t nearly as bad as it’s often portrayed, and when you zoom out, rates are still roughly 1% lower than the 25-year historical average.That perspective matters.We’re no longer in a rushed, emotional market. We’re in a steadier one — where thoughtful decisions, clear conversations, and long-term planning make the biggest difference.Sometimes the smartest move is tuning out the noise and focusing on the facts.If you’re curious how today’s market applies to your situation, I’m always happy to have a straightforward conversation. ... See MoreSee Less

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For the second announcement in a row, no changes with the BOC. ... See MoreSee Less

The Bank of Canada today said that they would be maintaining the overnight rate. Prime will remain at 4.45%. | mortgagesbycraig.com

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The Bank of Canada today said that they would be maintaining the overnight rate. Prime will remain at 4.45%. January 28, 2026 / Newsworthy At the first announcement of 2026 and the second in a row, th...
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