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The Bank of Canada Interest Rate is Staying the Same for the Rest of 2019

The Bank of Canada Interest Rate is Staying the Same for the Rest of 2019

Start Your New Year’s Financial Planning Early! The Bank of Canada interest rate is officially staying at 1.75% for the rest of the year. On December 4, 2019, the Bank of Canada (BOC) announced the interest rate would remain the same for another month. This marks no...
One Year of No Change to Canadian Interest Rate: What It Means for Your Finances

One Year of No Change to Canadian Interest Rate: What It Means for Your Finances

The Canadian interest rate has officially gone one year without any change. On October 30, 2019, the Bank of Canada (BOC) announced the Canadian interest rate will stay at 1.75% for another month. This rate was set on October 24, 2018, marking one year of holds. While...
Bank of Canada Interest Rate Staying the Same for September 2019: How This Affects Consumer Debt

Bank of Canada Interest Rate Staying the Same for September 2019: How This Affects Consumer Debt

The Bank of Canada (BOC) is maintaining the Canadian interest rate for another month. On September 4, 2019, the BOC announced that they are keeping the overnight interest rate at 1.75% — the same rate it has been since October of 2018. Economic Uncertainty Some...
Canadian Interest Rate Staying the Same for the Summer

Canadian Interest Rate Staying the Same for the Summer

Why It’s the Perfect Season for Debt Consolidation The Canadian interest rate isn’t going up this summer. On July 10, 2019, the Bank of Canada (BOC) announced that the Canadian interest rate will remain unchanged this month, staying at 1.75%. As this is the last BOC...
Bank of Canada Slowing Down Interest Rate Increases: What This Means for You

Bank of Canada Slowing Down Interest Rate Increases: What This Means for You

The Bank of Canada (BOC) announced on April 24, 2019 that they would not be increasing the interest rate this month. And further to that, they may not be increasing the interest rate again for the remainder of 2019. The last time the interest rate increased was in...