Blog Post

Bank of Canada Cuts Rate by 25bps to 2.75%!

Bank of Canada • March 20, 2025

The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.


The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target and robust GDP growth. However, heightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada. The economic outlook continues to be subject to more-than-usual uncertainty because of the rapidly evolving policy landscape.


After a period of solid growth, the US economy looks to have slowed in recent months. US inflation remains slightly above target. Economic growth in the euro zone was modest in late 2024. China’s economy has posted strong gains, supported by government policies. Equity prices have fallen and bond yields have eased on market expectations of weaker North American growth. Oil prices have been volatile and are trading below the assumptions in the Bank’s January Monetary Policy Report (MPR). The Canadian dollar is broadly unchanged against the US dollar but weaker against other currencies.

Read More


By Andy Schildhorn March 27, 2025
While work continues on a new 264 Street exchange in Aldergrove with the announcement that some of the old cloverleaf will be closed March 22, what about the rest of the Trans-Canada Highway heading east to Abbotsford?  Find out more.
By Andy Schildhorn March 26, 2025
March is Fraud Prevention Month, and the BBB has released new data on the riskiest scams affecting Canadians. Join us on March 26 for a free webinar where we'll cover:  Read More
By Andy Schildhorn March 25, 2025
The Langley and Fraser Valley real estate market is shifting—what does it mean for buyers and sellers? In this episode of Andy Talks Real Estate, we break down the latest stats, from inventory levels and sales trends to the impact of interest rates and new tariffs on home prices. 📊 Key Takeaways: ✅ Buyer's Market? Sales are down, inventory is up—what does this mean for home prices? ✅ Interest Rates Drop: Will lower rates drive demand or is uncertainty keeping buyers on the sidelines? ✅ Tariff Impact: How new tariffs on building materials could push construction costs higher. ✅ Local Insights: How Langley and Fraser Valley compare to the broader market. If you're thinking about buying or selling in Langley or the Fraser Valley, now is the time to stay informed. Let’s chat about your real estate goals! 📅 Book a call: https://rly.forsale/Chat-with-Andy
More Posts
Share by: