Learn how interest rates impact your savings and borrowing. What causes them to rise and fall and find how their movements affect your money.

In its December 11 announcement, the BoC reduced its benchmark rate to 3.25%. This reduction complements upcoming new mortgage rules, designed to help…
The Bank of Canada’s (BoC) latest Monetary Policy Report provides a comprehensive look at how its monetary policy is shaping critical aspects of the…
Following the Bank of Canada’s latest interest rate announcement, these questions are sure to surface once again. After all, a 50-bps interest rate…
In a move widely anticipated by financial experts, the Bank of Canada reduced its overnight policy rate by another 25 basis points, bringing the rate…
More From Understanding Interest Rates

Following the Bank of Canada’s latest interest rate announcement, these questions are sure to surface once again. After all, a 50-bps interest rate…

On September 4th, the Bank of Canada announced a 25 bps drop in its policy interest rate, reducing it to 4.25%

On July 24, 2024 the Bank of Canada released its latest edition of the Monetary Policy Report. Read the highlights here, including how policy is…