The Bank of Canada has appointed Michelle Alexopoulos to the central bank’s second outsider position, expanding its ...

Canada’s unemployment rate continues to decline, falling to 6.6 per cent in January as the economy created more jobs than ...

The Bank of Canada (BoC) last raised its key interest rate to 5% on July 12, 2023, marking the first time since April 2001 that the rate had hit the 5% mark. Before that pause, a series of rate ...

Interest rates in Canada respond to what happens elsewhere. For example, foreign interest rates fell during 2019. Interest rates for Canadian five-year fixed mortgages dropped in response. The Bank of ...

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada.

merged with Imperial Bank of Canada (founded in 873). It currently serves more than 13 million customers. CIBC offers some GICs at a “bonus rate,” which generates more interest than the posted ...

The Bank of Canada (BoC) delivers a widely expected 25 basis points rate cut, bringing interest rates down to 3.00% on Wednesday. This reduction in rates comes at a slower pace after back-to-back ...

Other things equal, more bond buying leads to lower bond yields, which usually means lower fixed mortgage rates. And that’s exactly what we’re seeing.

The charts below show how ... rate is the median contractual interest rate for a fixed-rate mortgage issued by a federally regulated lender. Sources: Department of Finance Canada, regulatory filings ...

Who benefits from the latest Bank of Canada rate announcement? Learn how to use the latest rate drop to boost your financial ...

underlining the case for the Bank of Canada to keep interest rates low in order to... Canada Adds 55,900 Jobs in February By Investing.com - Mar 08, 2019 Investing.com - The Canadian labor market ...

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...