Jared Olmsted

Today's decision leaves the policy interest rate at 2.25%, as many major Canadian banks and economists expected. By: STOREYS Editorial Team | January 28, 2026 On Wednesday, the Bank of Canada held its policy rate at 2.25%, following a series of cuts in 2025 that brought the benchmark overnight rate to its current level. Leading up to the announcement, many major Canadian banks — including RBC, TD, and CIBC — came into 2026 expecting the Bank to maintain a steady policy stance. Alongside the...

The New World Order: Navigating Your Mortgage Strategy Amid Uncertainty. April 2025 In the current fast-changing economic climate, flexibility is everything—especially when it comes to your mortgage. With inflation heating up, global trade tensions rising, and a Canadian federal election just months away, we’ve entered a period of economic uncertainty unlike anything we've seen in recent years. Whether you’re a homeowner or planning to buy, adapting will be key in 2025. The Bank of Canada...

BOC Rate Cut and Tariffs Kick Off 2025: Preparing Your Mortgage Strategy Amid Economic Uncertainty On January 29, the Bank of Canada (BOC) reduced the overnight rate by 0.25% to 3.0%, marking its sixth consecutive rate cut and a total of 2.00% in cuts since the start of this loosening cycle. This adjustment brings the average bank Prime rate for consumers to 5.20%. The BOC also announced the end of its “quantitative easing” program, which had injected extra funds into the economy during the...