Ashfaq Mohiuddin

10/30/2025

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25 per cent.

Bank of Canada’s goal to encourage economic growth at a time of uncertainty. As trade negotiations with the United States continue to take unpredictable twists and turns, decisive action is needed to maintain consumer and investor confidence.

For those with variable-rate mortgages, this cut in the policy interest rate will bring instant reprieve. It is also a sign of institutional confidence in the steadiness and health of the Canadian housing market. These are welcome signs for Canadians given the trade uncertainty of the past few weeks.

01/29/2025

12/11/2024

Bank of Canada delivers extra large cut, interest rate drops to 3.25%
Economists were largely anticipating the move, but some advised against it, saying the bank should take a more cautious approach.
Bank of Canada governor Tiff Macklem holds a news conference at the Bank of Canada in Ottawa in October. “With inflation back to two per cent, we want to see growth strengthen. Today’s interest rate decision should contribute to a pickup in demand,” Macklem said in the October news conference.

02/06/2024

https://www.cbc.ca/news/politics/foreign-housing-buying-ban-extended-1.7104533

Some foreign nationals will continue to be banned from buying Canadian housing, as the federal government extends the expiration of the program until 2027.