This makes you wonder if Investors will begin to look elsewhere, as they have in the past when tax rate changes have been made unfavorable in Canada, or more favorable in the US.
Canada’s Capital Tax Ranking Before & After April 2024 Federal Budget. Read More »
Courtesy of First National Financial – one of Canada’s leading lenders, Commercial & Residential The Budget The federal budget included material spending increases for housing, defense and indigenous programs mostly offset by a higher capital gains tax. Too bad for all those suckers that bought NVIDIA stock last year. Now their massive capital gains will
Canada’s Federal Budget April 2024 Read More »
The Bank of Canada (BoC) today, at its regular scheduled announcement, decided to leave its Key Overnight Lending rate at 5.0%. BoC has observed that inflation has recently cooled off from its highs in 2023, (February core inflation being 2.8%), demonstrating that rising prices are coming under control. It still needs to see more of
Bank of Canada Stays Key Rate, but Addresses Near Future Easing Read More »
No news is good news – the Bank of Canada (BoC) decided today (Sept 6) to keep its benchmark (overnight) interest rate steady at 5.00%, putting a hold on a policy that resulted in 10 increases stretching back to March 2022. At the Bank’s last meeting in July, it raised the rate 0.25% due to
Sept 6, 2023 – Bank of Canada Leaves Rate As Is Read More »
The Bank of Canada (BoC) today raised its key rate by 0.25% to 5.0%, stating that it sees it key rate coming back down circa 2025 (a federal election year). The unusual issue about our current BoC regime is that they continue to predict events and timing which traditionally the BoC has stayed away from.
The BoC Raises Rate to Highest Level in 22 Years Read More »
The Bank of Canada (BoC) today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening, ie releasing/selling debt that they had previously purchased. Per the BoC: “Inflation in many countries is easing in
BoC Takes Heed of US Bank Failures, Holds Rate Read More »
The Bank of Canada (BoC) has today decided to place a hold on any change in its Key Rate, and is holding at 4.5% (Prime rate of interest at major financial institution’s 6.7%) for the first time in nine announcements (March 2022). This is as opposed to the US Federal Reserve which has indicated clearly
BoC decides to leave Key Rate as is Today, March 8, 2023 Read More »
The Bank of Canada today increased its target for the overnight rate to 4¼% impacting the Prime rate at major FI’s to increase to 6.45%. The Bank is also continuing its policy of quantitative tightening – releasing debt previously purchased from its balance sheet. This rate increase caps off a year of rate increases not
BoC Rate Increase Today but Signs of Rates Plateauing Read More »
Today the Bank of Canada (BoC) raised its key rate by 50 basis points to 1.0%. The Prime Rate of interest at major Canadian FI’s will follow suit and raise their rates to 3.2% from 2.7%. Here is what’s important to know: 1.) Mortgages in Canada have been qualified at a rate that has hovered
Bank of Canada raises Key Rate 0.5% – What You Need to Know Read More »
The Bank of Canada (BoC) today has decided to raise its key overnight lending rate for the first time since 2018. They have announced a 0.25% increase to bring their rate to 0.50%. They are responding to a persistent inflationary environment that began last year and has not abated. The prime rate of interest at
Bank of Canada Raises Key Rate 0.25% As Expected Read More »
