The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent. Here's what it could mean for your finances.The Bank of Canada's benchmark rate affects borrowing costs for banks, which means they're able, but not forced, to lower their own lending rates.
Fixed-mortgage rates are determined by what happens to the bond market, which, while also affected by Bank of Canada rate decisions, is based on overall investor confidence. The market had already largely priced in the rate cut. A quarter percentage point cut doesn't translate into a major change in monthly mortgage payments. Someone with a $600,000 mortgage, 25-year amortization and a six per cent interest rate would save about $88 a month if the rate was 5.75 per cent.
McMaster Children’s Hospital is pausing scheduled tonsil and adenoid surgeries for patients under the age of 18 after officials say two pediatric patients who underwent the procedure died shortly after being discharged.Born in 1922, Anne McNamara is now 101 years old. Her husband Howard is 104. They are among the few remaining Canadian veterans with first-hand memories of WWII.The Bank of Canada announced Wednesday that it’s cutting its key interest rate by a quarter of a percentage point to 4.
McMaster Children’s Hospital is pausing scheduled tonsil and adenoid surgeries for patients under the age of 18 after officials say two pediatric patients who underwent the procedure died shortly after being discharged. Sean 'Diddy' Combs has sold a majority stake in Revolt, the media company and television network he founded in 2013, according to the company.The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent. Here's what it could mean for your finances.
When Alyssa Anklewich’s history teacher assigned her Westwood Collegiate class an essay about D-Day, the 15-year-old had other ideas.Many people are familiar with the benefits of being in nature, but forest therapy goes a step further than a simple walk in the woods. McMaster Children’s Hospital is pausing scheduled tonsil and adenoid surgeries for patients under the age of 18 after officials say two pediatric patients who underwent the procedure died shortly after being discharged.Police have recovered roughly $1 million worth of stolen goods following a three-month investigation into thefts at several Shoppers Drug Mart stores across the GTA.
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