Abbotsford Real Estate

The Bank of Canada kept its key lending rate at a historic low. The decision to leave borrowing rates unchanged came as no surprise because the central bank said in April it would leave the overnight rate at 0.25 per cent until the middle of next year, unless there is a sudden surge in inflation. The central bank reaffirmed its pledge to hold ...

The Bank of Canada cut its key lending rate to another record low today. The target rate for overnight loans between commercial banks is reduced to 0.25 percent, the lowest since Canada's central bank was founded in 1934 and the lowest it can go. Bank of CANADA also signalled that it would keep the interest rate at this level until the end of ...

The Bank of Canada has cut its main interest rate by half a percentage point to one per cent - lower than in 1958, when the most-watched policy rate was 1.12 per cent. This cut brings key interest rate to the lowest level in Canadian history. Shortly after the central bank cut its rate, the big commercial banks reduced their prime lending rates ...

"Experts" were wrong. Prime rate is down at 4%. TD Canada Trust was the first of big Canadian banks to move on interest rates this afternoon when it announced that it has lowered its prime lending rate by 35 basis points to 4%, effective Oct. 22, 2008. Two weeks ago, TD lagged other Canadian banks when they all made two reductions in ...

The Bank of Canada cut its key interest rate again today (October 21st) by a quarter of a percentage point, attempting to give the Canadian economy a boost. Today's cut follows an unscheduled half-point reduction on Oct. 8 in co-operation with other major central banks. The bank hinted that it may cut further at the next scheduled announcement ...

Canadian banks moved to lower prime lending rates today. The 2nd cut to prime rate in this week comes after the Canadian government moved to shore up the nation's banks by taking on some of their mortgages in a bid to ease higher borrowing costs. Canada Mortgage and Housing Corp (CMHC) will buy as much as C$25 billion in mortgages from the ...

The Bank of Canada cut its key interest rate by 50 basis points to 2.50 percent today in a coordinated effort with other central banks to help calm the financial markets. The decision to lower its key rate ahead of its scheduled interest rate announcement on October 21 came along with rate cuts from central banks across the world. Normally, the ...

The Bank of Canada kept interest rates unchanged for the third time today despite acknowledging that both economic growth and inflation are lower than it had projected last month. The overnight rate - what big banks charge each other fo overnight loans - will remain steady at 3%. While most analysts had expected the central bank to keep rates ...

The Bank of Canada will make interest rate  on Wednesday September 3rd. Canadians could be in for even lower interest rates when the Bank of Canada makes its scheduled policy announcement. Canada's economy moved ahead in the second quarter barely enough to avoid the first recession in 17 years. There are suggestions that the central bank ...

The "experts" were wrong, interest rate is not coming down. The Bank of Canada surprised the markets on Tuesday by holding its key interest rate steady at 3 percent and signaling an end to its rate-cutting cycle. The central bank announced today it is putting an end to its aggressive streak of rate cuts, even though it acknowledged ...