Geoff Rathgaber, RBC Mortgage Specialist

Bank of Canada drops the rate by 25bps today with more cuts anticipated!

Bank of Canada reduces policy rate by 25 basis points to 2¾% The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

Bank of Canada reduces policy rate by 50 basis points to 3¾% The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

the rates keep coming down! More cuts to come and lets see what the US Fed does this month!

Bank of Canada reduces policy rate by 25 basis points to 4¼% The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.