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Interest Rates

Bank of Canada Holds Key Interest Rate

At its June 4 meeting the Bank of Canada opted to keep the overnight rate steady at 2.75 percent. Learn why the Bank paused and what it means for homeowners and buyers.

June 17, 2025Read Full Article
Bank of Canada

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On March 12, 2025, the Bank of Canada reduced its overnight rate target to 2.75%, marking a significant shift in monetary policy and offering much-needed relief to mortgage holders across the country.

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