For the seventh time in a row, Canada’s central bank has opted to maintain its overnight policy interest rate at 2.25%, unchanged since October of 2025. This decision was widely anticipated, but as always, the Bank provided new insights into its thinking and updated its economic and market outlook. Canadian Economic Performance and Outlook Canadian economic activity strengthened in the second quarter, with GDP up by 3.3%, following very weak growth in the first quarter While

What is the Trigger Rate? Your fixed payment variable-rate mortgage (VRM) has points of caution to watch out for. Your trigger rate and trigger point are bumps in the (mortgage) road and can affect your goals. Here are some tips to stay on track.

For many homeowners, your house is more than just a place to live—it’s also one of your biggest financial assets. As you pay down your mortgage and your home’s value increases, you build equity that may be available to help you achieve other financial goals. One option you may have is a second mortgage!