The Bank of Canada has announced today that it will leave its key policy rate alone at 1% for the time being. It notes that employment has risen and the Canadian economy is moving towards full capacity but it does not want to disturb the growth that has been realized this year after experiencing slower […]
Bank of Canada Announcement Shows Caution Read More »
Yesterday the Bank of Canada raised its key rate to tighten monetary policy in Canada. Many economists and investors thought that the BoC would leave the rate alone and not hike it two announcement dates (July & September) in a row. There has been a few quarters of healthy economic growth and BoC decided to
Bank of Canada Tightening – September 2017 Read More »
The Bank of Canada (BoC) has hiked its benchmark interest rate to 0.75 per cent from 0.5 per cent, its first increase in nearly seven years (Sept 2010), with expectations for stronger economic growth this year. This is somewhat of an experiment, heavily influenced by the U.S.’s rate hikes recently. If anything, the BoC wants
BoC rate hike…an experiment? Read More »
This week, on its scheduled date; Wednesday April 12th, the BoC decided to hold the line on any change to the key overnight lending rate that it controls for settlement between major Canadian FI’s. Subsequently the prime rate with major Canadian FI’s has not moved. In recent months the US counterpart to BoC (the US
Bank Rate Watch – April 12, 2017 Read More »
The Bank of Canada (BoC) yesterday announced no change in their Key Overnight Lending Rate again. This is the rate that banks use to settle accounts daily and the rate that Canadian Prime is based upon. The last change in the Key Rate was July 2015 when the rate dropped to its current level of
BoC Leaves Key Rate Alone Again Read More »
Much has happened with interest rates, the lending market and investing since our last update several weeks ago. We thought it important to wait and confirm this week’s move by the U.S. Federal Reserve (the U.S.’s equivalent of the Bank of Canada) before further comment. Here is what is important to know: 1.) On
U.S. Fed & Trump More Important to Canadian Rates than Bank of Canada Right Now Read More »
Today the Bank of Canada has announced that it will leave their Key (overnight lending) rate alone at 0.5%. The BoC has also changed their growth projections for the Canadian economy. The last time that the BoC changed the Key overnight rate was July 15, 2015. The US economy continues to regain momentum, the same
The Bank of Canada almost cut its Key Rate today. Read More »
by Buzz Grant The Office of the Superintendent of Financial Institutions (OSFI) issued a letter this morning to all federally regulated financial institutions (FRFI). The letter expresses concern about the rising levels of household debt in Canada and serves to remind FRFIs of their obligations under Guidelines B-20 and B-21 to assess and underwrite
Boring Bank of Canada Announcement Foretells Wild New Things In World Economy Read More »
The Bank of Canada announced today that it will be holding the line on any Bank interest rate changes at this time. With a slower Canadian economy (projected GDP growth of 1.5%) vs. the US (projected GDP growth of 2.8%), seek there is definitely a divergence in trend between the U.S. and Canada. The Bank
Bank of Canada Makes No Changes Today Read More »
Today the Bank of Canada announced that it will maintain its key overnight rate for the time being. In its announcement, the Bank said it will maintain the target for the overnight rate at .5 percent due to global and domestic growth that is in line with its October Monetary Policy Report Outlook. With the
December 2nd Bank of Canada Rate Announcement Read More »
