Fabio Bianchini’s Post

The Bank of Canada (BoC) became the first bank in the G7 to cut interest rates, dropping the overnight rate by 0.25%. It was the first rate cut (excluding Covid) since 2015. It also marked only the second start of a rate-cutting cycle since the beginning of the Great Recession. The rate cut will provide some token relief to Candian consumers who are saddled with record high debt, but a much bigger drop than 0.25% will be required to make a substantive difference. https://ow.ly/RevH50SjIft 2024

The Bank of Canada (BoC) became the first bank in the G7 to cut interest rates, dropping the overnight rate by 0.25%. It was the first rate cut (excluding Covid) since 2015. It also marked only the second start of a rate-cutting cycle since the beginning of the Great Recession. The rate cut will provide some token relief to Candian consumers who are saddled with record high debt, but a much bigger drop than 0.25% will be required to make a substantive difference. https://ow.ly/mcPY50Sjejp 2024

The Bank of Canada (BoC) became the first bank in the G7 to cut interest rates, dropping the overnight rate by 0.25%. It was the first rate cut (excluding Covid) since 2015. It also marked only the second start of a rate-cutting cycle since the beginning of the Great Recession. The rate cut will provide some token relief to Candian consumers who are saddled with record high debt, but a much bigger drop than 0.25% will be required to make a substantive difference. https://ow.ly/VyQz50Sj6fq 2024

The Bank of Canada (BoC) became the first bank in the G7 to cut interest rates, dropping the overnight rate by 0.25%. It was the first rate cut (excluding Covid) since 2015. It also marked only the second start of a rate-cutting cycle since the beginning of the Great Recession. The rate cut will provide some token relief to Candian consumers who are saddled with record high debt, but a much bigger drop than 0.25% will be required to make a substantive difference. https://ow.ly/eMR150Sj8e3 2024

The Bank of Canada (BoC) became the first bank in the G7 to cut interest rates, dropping the overnight rate by 0.25%. It was the first rate cut (excluding Covid) since 2015. It also marked only the second start of a rate-cutting cycle since the beginning of the Great Recession. The rate cut will provide some token relief to Candian consumers who are saddled with record high debt, but a much bigger drop than 0.25% will be required to make a substantive difference. https://ow.ly/x2Kn50SjU6L 2024

The Bank of Canada has lowered its key interest rate to 4.75%, marking the bank's first rate cut since March 2020. Read more about the rate change at https://lnkd.in/egxzigCa #CanadaInterestRate #Canadaratechange #Torontocreditunion

https://lnkd.in/gaBaKkfN No big surprises here and as expected the forecast for Bank of Canada to begin the slow drop in the overnight lending rate may start in the summer. Fixed rates remain stable at the moment and will see what the spring brings. Next Bank of Canada meeting is January 24th and no change to the overnight lending rate is expected.

Exciting news for borrowers, according to Scotiabank, we can expect the Bank of Canada to cut rates by 25bps at each of the next three meetings, totaling 100bps this year. While inflation is on a downward path, growth in interest rate-sensitive sectors remains robust. #ProFundsMortgages #BankOfCanada #RateCuts #RealEstate #Inflation #Scotiabank Source: https://lnkd.in/exjtDrAm

New year, new Bank of Canada rate decisions. Here's the schedule of rate announcements for the year - with the first one coming up in under 3 weeks (January 24). https://ow.ly/qCbQ50Qlu0j #bankofcanada #rateannouncement #ratenews #bankofcanadanews

🚨 The Bank of Canada has held its benchmark interest rate! 🚨 Today, the Bank of Canada announced they have held its benchmark interest rate steady at 5%, hitting a pause on its campaign against inflation. Leaving its policy rate unchanged in an indication that it believes the economy has entered a period of weaker growth, but said it could raise borrowing costs again should inflationary pressures persist. #bankofcanada #bankofannoucment #canadianmortgagebroker #canadianmortgages #mortgagebroker #mortgagegoals