09/02/2026
BREAKING NEWS ...
The Bank of Canada has released its 6th decision of 2026, electing to HOLD the key interest rate at 2.25%. The next BoC interest rate announcement will take place on October 28th 2026.
The recent decision to keep the key interest rate on hold means the prime rate will stay where it is. Consequently, payments for homeowners with variable-rate mortgages will remain unchanged.
We understand that navigating current economic conditions can feel uncertain, and we're always here to support you. If you have any questions about interest rates or want to review your mortgage options, please feel free to reach out anytime—we’re happy to help you plan your best path forward.
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To read further regarding today's announcement click the following link:
https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/