The BoC just gave the economy another 25-basis-point energy shot. That means Canada's benchmark prime rate will now ease to 4.45%, effective tomorrow. It’ll mark the lowest prime rate since June 2022. Moreover, if leading variable rates track prime lower, they'll become the easiest

💡See also: Rising Job Losses Trump Inflation. Fed Cuts 25 Bps Welp, people might not be able to afford steak at the grocery store anymore, but at least floating borrowing costs dropped. So now that the overwhelmingly anticipated 25-beep cut arrived on cue, what does the BoC have planned for

If there's one MortgageLogic.news story that should be circled, highlighted, and laminated, this is it. What follows is a cornerstone of mortgage planning, and that's no exaggeration, because by ignoring it, a mortgage advisor has failed their clients. No ifs, ands, or buts—just a

Fed policy decisions often ripple northward to Canada's mortgage market, but Wednesday's announcement didn't make many waves for rates. What happens in the next few months, however, could be a different story. There's every indication that the Fed will remain on pause