Found 2 blog entries tagged as Bank of Canada.

The Bank of Canada has just made its first interest rate cut since March. On September 17, 2025, the overnight benchmark rate was lowered by 25 basis points from 2.75% to 2.50%. This decision marks a shift from recent months of holding steady. In this post, we’ll break down what the change means, how it affects mortgage costs in Calgary, and what homeowners, buyers, and sellers should be considering now.

What the Announcement Was

  • The Bank cut its key policy rate by 0.25%, bringing it to 2.50%, citing a “weaker economy,” rising unemployment (above 7%), and fewer inflation risks.

  • This is the first rate cut since March 2025.

  • The BoC noted that while inflation remains relatively stable and within target, economic pressures — such…

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The Bank of Canada has held the overnight interest rate at 2.75%, with the Bank Rate remaining at 3.00%.
This decision reflects ongoing uncertainty tied to U.S. tariffs, global trade tensions, and their impact on the Canadian economy.

Global Economic Outlook 2025

  • U.S. economic growth slowed in early 2025, though the labour market remains resilient.

  • The Eurozone posted modest gains, while China offset export losses to the U.S. with gains in other markets.

  • Oil prices remain stable; global equity markets are strong; and the Canadian dollar has strengthened against a weakening U.S. dollar.

  • Global GDP growth is forecasted to slow to 2.5% by the end of 2025, with a projected rebound to ~3% in 2026–27.

Canadian…

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