The Bank of Canada has reduced their lending rate by 0.25% this morning. Great news for variable rate mortgage holders, as we expect the banks will follow suit in the coming days. While inflation remains a bit stubborn, the economy showed signs of weakness, particularly in the job loss category. It’s widely expected we will get another cut before the end of the year, either in October or December. Possibly one in the new year as well, as fears of tariffs and trade wars continue to subside.
Here is a link to the full press release: https://www.bankofcanada.ca/2025/09/fad-press-release-2025-09-17/
The next announcement is scheduled for October 29th, 2025.
As always, we will continue to monitor and keep you updated.