03/12/2025
🚨 Interest rate update! 🚨 The Bank of Canada has lowered its target for the overnight lending rate by 25 basis points to 2.75%—marking the seventh consecutive cut since June 2024. The ongoing trade war with the U.S. is expected to slow economic activity and drive inflation higher, according to the BoC, prompting the central bank’s latest move. What does this mean for borrowers and the housing market? Read more in our latest post on the RLP blog:
https://blog.royallepage.ca/pervasive-uncertainty-caused-by-trade-war-prompts-bank-of-canada-to-drop-overnight-lending-rate-to-2-75/
