Today (Wednesday, March 4th) the Bank of Canada (BoC) decided to cut its key overnight lending rate by 0.5% on this scheduled announcement date. Although this move looks to be in line with the unscheduled rate cut made by the U.S. Federal Reserve yesterday due to the impact of the coronavirus on the U.S. economy, […]
Bank of Canada Cuts its Key Rate – Long Overdue Read More »
February 18, 2020 – Ottawa, Ontario – Department of Finance Canada For many Canadians, their home is the most important investment they will make in their lifetime. That is why the Government of Canada has introduced measures to help more Canadians achieve their housing needs while also taking measured actions to contain risks in the
Minister Morneau announces new benchmark rate for qualifying insured mortgages Read More »
The Bank of Canada (BoC) today announced that it will not be making any changes at this time to their key rate, which directly affects the prime rate of interest with major financial institutions. They have cut their growth forecast to 1.3% from 1.7% for Q1 2020. Consumer spending and confidence is unexpectedly weak. BoC
Bank of Canada Rate Announcement January 2020 Read More »
The Bank of Canada (BoC) today decided to hold its key benchmark overnight rate at 1.75%. Governor Stephen Poloz is one of the few central bankers that is resisting the global direction toward easier monetary policy by not cutting his central bank rate. The rate is unchanged now for their ninth announcement meeting in a
Bank Rate Announcement December 4, 2019 Read More »
The Bank of Canada (BoC) today has announced that it will be holding their key at 1.75%, translating to a prime rate of 3.95% at major financial institutions. The tone of their announcement definitely shows a more dovish tone (meaning a higher likelyhood of reducing the key rate in near future). There are a few
Bank of Canada Announcement Oct 30, 2019 – Dovish Tone Read More »
Stephen Poloz, Bank of Canada Governor, announced this morning that BoC’s key rate will remain unchanged for the time being. This was an expected call after Canada’s second quarter economic performance turned out better than expectations and better than first quarter results. There is a tight rope being walked to maintain balance by BoC. On
BoC Leaves Key Rate Unchanged Again, Continues High Wire Act Read More »
Today the Bank of Canada (BoC), on their scheduled announcement date, decided to leave their key rate and not change it. They made it clear that there are no more thoughts of raising the rate this year. After taking stock of the past six months in the Canadian economy, they have no choice but to
Bank of Canada changes its thoughts from higher rate to lower rate Read More »
Canada’s income tax rates have become uncompetitive, and the economy will pay the price. Jamie Golombek: High tax rates, which reduce the reward of earning more income, discourage people from engaging in productive economic activity…(read more)
Further Reason Not To Fear Rising Interest Rates Read More »
David Wilson, Stocks Editor, Bloomberg Radio has shown a great chart here that further indicates the lack of upward pressure on interest rates. Renaissance Macro Research LLC created by Michael Guttag, a managing director, Yesterday March 12, 2019. Guttag compared a ratio of bank and utility stocks within the S&P 1500 Composite Index — consisting
The Bank of Canada is having to recast its’ projections of a slower economy as thought in the previous two quarters. They had expected a lag in the economy for late 2018 & early 2019 only, but this has changed. A slower economy seems to be with us for a while and there is thinking
Bank of Canada Does Nothing to Rate – March 7, 2019 Read More »
