Changes to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are based on the…
Read more Making sense of the Bank of Canada interest rate decision on October 23, 2024 – MoneySenseThe S&P 500 rose 1.1% after Fed Chair Jerome Powell said in a highly anticipated speech that the time has come to lower its main interest rate from…
Read more Markets response to U.S. Federal Reserve – MoneySenseWhat is the Bank of Canada’s interest rate? This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate borrowing products—to 4.5%.…
Read more Making sense of the Bank of Canada interest rate decision on July 24, 2024 – MoneySenseSentiment around the interest rate decision The rate hold was largely anticipated by markets and economists. Many hoped it to be the central bank’s last hold before pivoting…
Read more Making sense of the Bank of Canada interest rate decision on April 10, 2024 – MoneySense
