Joe Rocchetta RBC Mortgage Specialist

Joyful wishes for a festive holiday. Merry Christmas from RBC!

The Bank of Canada today reduced its target for the overnight rate to 3¼%, this represents a decrease of 50 basis points for the second consecutive announcement. The Bank is continuing its policy of balance sheet normalization.

Bank of Canada reduces policy rate by 50 basis points to 3¼% The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

May your day be full of joy, togetherness and, thanks for cherished moments with loved ones. Wishing you a Happy Thanksgiving from RBC!

Wishing you and your family a meaningful and reflective Yom Kippur from RBC.