Canada’s big six banks will allow mortgage payment deferrals for up to six months as part of extraordinary measures to help customers struggling with the financial impacts of the novel coronavirus pandemic. In a tweet on Wednesday morning, Neil Parmenter, president of the Canadian Bankers Association, said the measures are “effective immediately.” RBC, TD, BMO, Scotiabank, CIBC and National...

The Bank of Canada will have to slash its key interest rate by another three-quarter of a percentage point in its next rate decision in mid-April, Bank of Montreal says, as plunging oil prices and mounting coronavirus fears prompt economists to rewrite their economic and rate...

OTTAWA -- The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak. The central bank said Wednesday that it cut its target for the overnight rate because COVID-19, as the virus is named, was "a material negative shock" to Canada's already...

40 banks around the world have already cut interest rates — and Canada could be next Pete Evans · CBC News · Posted: Feb 29, 2020 4:00 AM ET | Last Updated: 2 hours ago Stephen Poloz, governor of the Bank of Canada, and deputy governor Carolyn Wilkins will announce the bank's latest decision on interest rates next week. (David Kawai/Bloomberg) Central bankers are waking up to dramatically...

  Backed with hard data from TREB and our partners, flip page to page and discover groundbreaking research that addresses the increasing population across the GTHA and tackles the ongoing demand for housing.   A MUST-READ: TREB's 2020 Market Year in Review & Outlook Report Some of the exciting content and topics you can read about in this year's report include: Market Year...