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Economy, Law & Politics

What the Bank of Canada rate cut means for mortgages, consumer loans and investments

What the Bank of Canada rate cut means for mortgages, consumer loans and investments

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here's what it could mean for your finances.
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Banks lower prime rates after Bank of Canada move

Banks lower prime rates after Bank of Canada move

TORONTO — Canadian banks are lowering their prime rates after the Bank of Canada cut its benchmark rate for the first time in four years. Banks including RBC, TD, BMO, CIBC and Scotiabank have lowered their rates to 6.95 per cent from 7.
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Calculating the economic and reconciliation benefits of LNG in B.C.

Calculating the economic and reconciliation benefits of LNG in B.C.

Economic impact study finds $4.5 billion increase in GDP for every $4.1 billion invested in engineering, construction
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Bank of Canada cuts key interest rate for first time in more than four years

Bank of Canada cuts key interest rate for first time in more than four years

OTTAWA — The Bank of Canada marked a major turning point in its fight against inflation on Wednesday as it lowered its key interest rate for the first time in more than four years, making it the first central bank in the G7 to cut rates.
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BC United MLAs confident in voter support despite rise of Conservatives

BC United MLAs confident in voter support despite rise of Conservatives

Todd Stone expects 'normalization' of poll numbers before fall elections
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Rob Shaw: SOGI, Bonnie Henry in the crosshairs of newly minted BC Conservative MLA Sturko

Rob Shaw: SOGI, Bonnie Henry in the crosshairs of newly minted BC Conservative MLA Sturko

Former BC United politician wastes no time challenging previous party positions after crossing the floor Monday
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Kirk LaPointe: On infrastructure, the North Shore is not being well served

Kirk LaPointe: On infrastructure, the North Shore is not being well served

Whether it’s wastewater or our bridges, our population is not being well served right now
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Text of the Bank of Canada's decision to cut its key interest rate target

OTTAWA — The Bank of Canada cut its key interest rate target by 25 basis points to 4.75 per cent on Wednesday. Here is the text of the central bank's decision: The Bank of Canada today reduced its target for the overnight rate to 4.
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Data Points: B.C.’s record immigration masks largest net outflow in decades

Data Points: B.C.’s record immigration masks largest net outflow in decades

Vancouver CMA sees highest net loss to interprovincial migration in more than 20 years
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Privacy commissioners investigate B.C. firm that does background checks for landlords

Privacy commissioners investigate B.C. firm that does background checks for landlords

OTTAWA — The privacy commissioners of Canada and British Columbia have launched an investigation into a Victoria-based company that performs background checks on tenants and others.
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