COVID-19 Information Centre Click Here

March 2020 Bank of Canada Interest Rate Decrease

March 4, 2020 • Financial Industry, Real Estate Industry

The Bank of Canada interest rate has decreased to 1.25% as of March 4, 2020.

The interest rate was previously 1.75% and had remained there since October of 2018.

The March 4 rate cut was widely predicted by economists following the U.S. Federal Reserve decrease on March 3. However, many predicted that the Canadian interest rate would lower to 1.5%.

Instead, the BOC decreased the interest rate even further — by 50 basis points to 1.25%.

On the Purview blog, we are examining the reasons for the Bank of Canada’s decision and what could be in the forecast ahead: https://www.purview.ca/bank-of-canada-interest-rate-announcement-march-2020/

On the GeoWarehouse blog, we take a look at what the interest rate decrease, paired with recent mortgage stress test changes, could mean for the spring real estate market: https://www2.geowarehouse.ca/bank-of-canada-interest-rate-announcement-march-2020/

What do you think about the Bank of Canada interest rate decrease? Share with us on social media.

Subscribe

Subscribe to receive information and updates from Teranet

Subscribe Now

Follow Us Online

xpornplease pornjk porncuze porn800 porn600 tube300 tube100 watchfreepornsex