👉The Bank of Canada is expected to raise its benchmark interest rate by half a percent point on Wednesday, a move to control inflation, running at its highest level in decades. The current inflation rate for necessities is two to three times higher than what the bank likes to see. While low interest rates aren't the only factor driving up inflation, the central bank is feeling the pressure to move swiftly to cool things down.✅ . . #bankofcanada #interestrate #interestrateofbankofcanada #inflation #inflationcontrol #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp

The Bank of Canada has again turned up the heat on interest rates with a 25 basis point hike. This marks the eighth consecutive climb since the bank began its policy-tightening journey in March 2022. The interest rate now stands at 4.5%. Follow us for more updates on the Canadian Real Estate Market . . . . #interestrate #interestratehike #canada #canadianmarket #housingmarket #TheCanadianHomeApp #LiveWithOutBoundaries #canadarealestateadvice #canadarealestateinvesting #canadarealestatemarket

👉Financial analysts are predicting three increases in Canada's interest rate this year, which could have some major effects on the economy and the average Canadian. Banks are calling for an increase of 50 base points — with 1 base point equaling 0.01 of a percentage point — three times over the coming months. What this means is that we could see an interest rate increase from the current 0.50% to around 2% by the time July rolls around. After that, they are expecting it to go down to a 0.25% per rate announcement, which could mean an interest rate of around 3% to 3.25% by March 2023.✅ . . #interestrate #interestrateincreasing #malayalisnearme #canadianbanks #dailynews #dailynewscanada #malayalisnearmeapp #canadianeconomy

👉The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that's expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades. It's the first time the bank has raised its rate since 2018. Before the pandemic, the bank's rate was 1.75 per cent, before it quickly slashed the rate down to 0.25 per cent to help the economy. The Bank of Canada's rate affects the rates that Canadian consumers get on things like mortgages, lines of credit and savings accounts at their own banks. While the bank has been telegraphing its plans to raise its rate to fight inflation for a while now, the bank acknowledged in its announcement Wednesday that inflation is heating up even faster than anticipated.✅ . . #bankofcanada #interestrate #dailynews #malayalisnearme #inflation

👉 The Bank of Canada announced its decision to leave its policy rate unchanged at 4.5%, in line with market expectations. The central bank also maintained its guidance on the path of interest rates, stating that it will remain patient in deciding when to raise them further. The decision was driven by a cautious approach towards the ongoing inflationary pressures and uncertainty surrounding the economic recovery from the pandemic.✅ . . #bankofcanada #BOC #BOCinterestrate #interestrate #canadianbanks #banking #BOCinterestpolicy #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉On Wednesday, the Bank of Canada reduced its key interest rate by 0.25 percentage points to 4.75%, marking the first rate cut since the central bank's tightening cycle began in March 2022. This move aligns with most economists' expectations tracked by Bloomberg. April's core inflation rate fell to 2.7%, according to Statistics Canada. The overnight lending rate had been at five percent since July last year.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #BankOfCanada #InterestRate #Economy #Inflation #FinanceNews #RateCut #CanadianEconomy #mnm #malayalisnearmeapp #canadaupdate #canadanews

The Bank of Canada has recently announced a 25 basis points increase in the overnight rate, bringing it to 4.75%. This marks the first rate hike since January. The decision to raise rates was driven by several factors, including a strong and robust economic growth, rising inflation, and a thriving housing market. Aspiring home buyers and sellers will likely experience the impact of this hike on various aspects of their future endeavors. Follow me for the latest updates on The Canadian Real Estate Kamal Pillai Sales Representative 📞+1 (647) 673 3516 📧 kamal@thecanadianhome.com Download The Canadian Home App now for home listings! 📱 https://ln.thecanadianhome.com/kamalpillai #RealEstate #HomePrices #CanadaRealEstate #HousingMarket #PropertyMarket #HomeBuying #NewHome #PolicyRate #BankofCanada #Apartments #RealEstateAgent #Realtor #HouseHunting #InvestmentProperty #Interestrate #RealEstateMarket

The Bank of Canada raised its overnight rate by 25 basis points to 4.75% today (June 6, 10:00 AM ET) This is the first increase since BOC announced pausing the interest rate hikes in January, this year. The central bank's key interest rate has not touched this high since April 2001. This hike was influenced by a lot of factors such as economic growth, inflation, and Gross Domestic Product exceeded expectations in the first quarter of this year, growing by 3.1 percent. Housing market activity has also picked up again and the Canadian labour market still remains tight which can mean a drastic change in the stores. Follow us for more updates. #RealEstate #HomePrices #CanadaRealEstate #HousingMarket #PropertyMarket #HomeBuying #NewHome #PolicyRate #BankofCanada #Apartments #RealEstateAgent #Realtor #HouseHunting #InvestmentProperty #Interestrate #RealEstateMarket

👉The Bank of Canada raised interest rates aggressively for a sixth straight time, while opening the door to pausing its hiking cycle. Policymakers led by Governor Tiff Macklem raised the benchmark overnight lending rate by 50 basis points to 4.25% on Wednesday, the highest since the beginning of 2008.✅ . . #bankofcanada #canadabank #bankofcanadainterestrate #interesttrateofcanadabank #interestrate #livingexpensecanada #bankinterestincanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

Financial experts agree that the central bank will likely boost its benchmark interest rate next week. The rate is now at 3.75 percent. The rate of interest would be at its highest point since 2008 with even a lesser increase. What do you think it would be? Let us know in the comment section below. Download The Canadian Home App for real estate updates! ln.thecanadianhome.com/FutureOfRealEstate #homebuyer #interestrate #realestatetrivia #realestatefacts #canadianrealestate #canadianrealestatemarket #canadahomes #torontohomes #torontorealestate #ontariohomes #realestateontario #realestategoals #realestatelistings