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Bank of Canada Rate Decision Tomorrow: What Every Canadian Needs to Know Before June 10

Current Rate 2.25% Held since Oct 2025 Expected Decision HOLD 34/34 economists Announcement 9:45 AM Wed, June 10 (ET) Prime Rate 4.45% Most major lenders On Wednesday morning, June 10, the Bank of Canada will announce its interest rate decision at 9:45 AM ET — and for Canadians with a mortgage, a variable-rate loan, or a renewal coming up, the decision is just two days away. Governor Tiff Macklem will follow with a press conference at 10:30 AM. The short answer: expect no change. But the full picture is considerably more complicated — and the Bank's tone tomorrow could signal whether rate hikes are quietly creeping back onto the table. The Consensus: A Hold, Full Stop The economist community is remarkably united heading into this decision. In a Reuters poll conducted June 2–5, all 34 economists surveyed predicted the Bank would leave its overnight rate at 2.25%. More than 80% said it would stay there for the rest of 2026. "Under normal circumstances, today's sagging econom...
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Tips for Renewing Your Mortgage in 2024


Renewing your mortgage can be a daunting task, but it doesn’t have to be. With the right preparation and knowledge, you can make the process as smooth as possible. Here are some tips to help you renew your mortgage in 2024.

1: Start early. Don’t wait until the last minute to start thinking about renewing your mortgage. Start researching your options at least six months before your current mortgage term expires.

2: Shop around. Don’t just accept the first mortgage offer you receive. Shop around and compare rates from different lenders to find the best deal.

3: Consider a shorter term. If you can afford higher payments, consider a shorter mortgage term. This can help you save money on interest in the long run.

4: Negotiate. Don’t be afraid to negotiate with your lender. You may be able to get a better rate or more favorable terms if you ask.

Renewing your mortgage can be a great opportunity to save money and improve your financial situation. By following these tips, you can make the process as smooth as possible.


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