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Chance of rate cut rising as markets anxiously await details of Trudeau’s stimulus rescue

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The likelihood of a Bank of Canada rate cut is rising as markets await details of Prime Minister Justin Trudeau’s promised stimulus package for the Canadian economy. Markets have begun pricing in a greater chance this week that the Bank of Canada will move to cut its interest rates sometime …

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Why homeowners and buyers can expect more mortgage rate hikes from the big banks

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Falling government-bond yields are usually good for homeowners in Canada because mortgage rates tend to follow suit. Not this time. Three of Canada’s biggest lenders have raised mortgage rates and more increases are expected as new regulations, a weak economy and higher costs prevent banks from capitalizing on lower borrowing …

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Bank of Canada holds rate: Read the official statement

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Here’s the statement from the Bank of Canada rate decision on Wednesday, January 20: The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. …

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