Bank of Canada Reduces Rates ahead of US Tariffs? episode artwork

EPISODE · Jan 30, 2025 · 21 MIN

Bank of Canada Reduces Rates ahead of US Tariffs?

from Make Money Count · host Cannect Inc.

Welcome to this episode of Make Money Count! The BoC lowered its key rate by 25 basis points, bringing the prime rate down to 5.2%—and more cuts are expected! What does this mean for homeowners, investors, and borrowers? Variable vs. Fixed Rate Mortgages – Should you break your fixed rate? HELOC & Line of Credit Rates Rising – What you need to know Housing Market Outlook – Is now the right time to buy? Canada’s Economic Future – What’s next for interest rates? If you're thinking about switching to a variable rate or have a mortgage renewal coming up, now is the time to act! Contact us to find the best mortgage strategy for you.

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Bank of Canada Reduces Rates ahead of US Tariffs?

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