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Today the Bank of Canada (BoC) announced that it will be leaving its key rate unchanged at 1.25%. Canadian financial institutions are expected to follow suit and leave their Prime rate of lending at 3.45% Contrary to previous thinking; BoC…
The Canadian economy should emerge from recession during the second half of the year as stimulus measures take effect, setting the stage for interest rate hikes in a year, a Reuters poll showed on Wednesday. The quarterly economic survey of…
The Canadian economy is going down hard and so are interest rates, and to what are their lowest levels in half a century, and for one key rate for consumers and businesses, the lowest level ever. The Bank of Canada,…
Jan. 20 (Bloomberg) — The Bank of Canada slashed its key interest rate to the lowest since the institution was founded in 1934 and signaled that more cuts may be needed to jolt the economy out of recession and stabilize…