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Posts Tagged Bank of Canada interest rate

Bank of Canada Interest Rate Staying at 1.75% for May 2019

Bank of Canada Interest Rate Staying at 1.75% for May 2019

Bank of Canada Interest Rate Staying at 1.75% for May 2019 The Bank of Canada interest rate is staying the same for another month. On May 29, 2019, the Bank of Canada (BOC) announced that it is keeping the Canadian interest rate at 1.75% — the same…

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Bank of Canada Interest Rate Staying at 1.75% for January 2019

Bank of Canada Interest Rate Staying at 1.75% for January 2019

If your New Year’s resolution is to get out of debt, good news: the Bank of Canada interest rate is staying the same for the time being. On January 9, 2019, the Bank of Canada (BOC) announced they would not be changing the rate from its current…

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Canadian Consumer Debt Gets a Break: Bank of Canada Interest Rate Holding at 1.5% for September 2018

Canadian Consumer Debt Gets a Break: Bank of Canada Interest Rate Holding at 1.5% for September 2018

Good news for Canadian consumer debt — the Bank of Canada interest rate isn’t going up this month. On September 5, 2018, the Bank of Canada (BOC) announced interest rates will stay at 1.5% for the time being. The rate had increased from 1.25% to 1.5% in…

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Increasing Canadian Interest Rates – How to Avoid Rising Payments

Increasing Canadian Interest Rates – How to Avoid Rising Payments

There’s no doubt about it — Canadian interest rates are increasing. Since July of 2017, Canadian interest rates have increased three times, going from 0.5% to 1.25% — the highest they’ve been in nine years. And if trends continue as expected, this is just the start. Officials…

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BOC Interest Rate Up to 1.25%: What to Do If You’re Drowning in Debt

BOC Interest Rate Up to 1.25%: What to Do If You’re Drowning in Debt

We’re less than three weeks into 2018, but already we’ve got some big news: the Bank of Canada (BOC) interest rate has increased again. On January 17, 2018, the BOC interest rate rose to 1.25%. This is the highest it’s been in nine years, according to the…

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