Minn Coates, Edmonton Mortgage Consultant at The Mortgage Minds Inc

06/09/2026

The Bank of Canada is widely expected to continue holding its policy interest rate for a fifth consecutive meeting, after recent data pointed to a weaker economy than the central bank had projected.

05/15/2026

Bank of Canada officials discussed a “range of views” on the most likely path for interest rates last month, weighing various possible outcomes of the Iran war and a review of the North American trade agreement.

04/20/2026

Canada’s inflation rate surged to 2.4% in March as the Iran war triggered a record increase in gasoline prices, though it came in slightly lower than economists expected.

02/05/2026

Bank of Canada Governor Tiff Macklem warned that cutting interest rates while the economy is adapting to structural changes risks stoking future inflation.

01/27/2026

With rates widely expected to remain unchanged, attention shifts to updated forecasts, inflation signals and how trade uncertainty is shaping the Bank’s outlook.

08/11/2025

Nancie Taylor, an investment adviser with Meridian Credit Union in Fonthill, Ont., says repaying your mortgage opens up opportunity for all kinds of

07/17/2025

Lenders have started raising fixed mortgage rates again, with signs pointing to a short-term upward trend.

07/15/2025

Canada’s job market turned a corner in June, beating economists’ expectations for the first time this year, though the upbeat data was tempered by fresh tariff threats and stubborn inflation.

01/31/2025

The Bank of Canada has announced another 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞 to the current overnight rate! It now sits at 3%! 🎉​​​​​​​​
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In their announcement, the Bank said:​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
“With inflation around 2% and the economy in excess supply, Governing Council decided to reduce the policy rate a further 25 basis points to 3%. The cumulative reduction in the policy rate since last June is substantial. Lower interest rates are boosting household spending and, in the outlook published today, the economy is expected to strengthen gradually and inflation to stay close to target. However, if broad-based and significant tariffs were imposed, the resilience of Canada’s economy would be tested. We will be following developments closely and assessing the implications for economic activity, inflation and monetary policy in Canada. The Bank is committed to maintaining price stability for Canadians.”​​​​​​​​​​​​​​​​​​​​​​​​
-Bank of Canada, 2025​​​​​​​​
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The next scheduled overnight rate announcement will be March 12, 2025!​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
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Message us here or reach out to one of our amazing brokers if you have any questions or want to lock in a rate!

01/22/2025

Predictions from each Big Bank regarding the Bank of Canada's rate decision next week...

Canada’s inflation rate eased to 1.8% in December, increasing the likelihood of a Bank of Canada rate cut this month, according to economists.