Today the Bank of Canada (BoC) raised its key rate by one-half of one percent (0.5%). Many experts were thinking that the BoC was going to announce a 0.75% increase and are now reading into the news that we may be near the end of tightening (raising) interest rates. The equity investing community would like […]
Bank of Canada – Good News, Bad News Today Read More »
Today the Bank of Canada has increased its key overnight lending rate to 3.25%, a 0.75% increase. Overall, this year the BoC has raised its key rate by 3.0% since March, rivaling the mid-1990s in rate increases. Per the BoC: “The Governing Council remains resolute in its commitment to price stability and will continue to
Bank of Canada raises its Key Rate by 0.75% today Read More »
The Bank of Canada (BoC), today, announced a 1.0% increase in its Key Overnight Lending rate. This was 0.25% higher than the 0.75% increase that the market was expecting. This is the largest increase that BoC has made since 1998. The Prime interest rate with major Canadian financial institutions will likely increase from 3.7% to
BoC Raises Key Rate the Most since 1998 Read More »
June 1 2022, the Bank of Canada raises Key Rate. Today the Bank of Canada (BoC) decided to raise its key rate by 0.50% to 1.50%, which will cause the Prime Rate at major Financial Institutions (FI’s) to increase the same to 3.70%. Economists are now mentioning the word “stagflation” which we have not heard
June 1 2022 – Bank of Canada Raises Key Rate – How To Survive and Thrive Post Recession. 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 »
The Bank of Canada (BoC) made its eighth scheduled and presumably final interest rate decision for the calendar year. Economists and financial markets were on high alert for signs of changes to come next year and clues as to when. As expected again no change was made to the benchmark rate. It remains at 0.25%
Bank of Canada Holds Benchmark Rate the Same in Their Final Decision of 2021 Read More »
It has been a while since we have written an interest rate note because of the seemingly everlasting pandemic conditions which have created a “no news” cycle for interest rates. The talk of interest rates climbing has recently become more prevalent and a commentary on this is now worthy. The Bank of Canada (BOC) yesterday
October 2021 Bank of Canada Key Rate Announcement Read More »
At 10 am EST the Bank of Canada (BoC) made its 10th interest rate decision announcement of the year. Eight scheduled announcements is the norm, but this has been a year of anything but normal. BoC has held the their key overnight lending rate the same at 0.25%, which it calls their “lower bound”,
December 9, 2020 Bank of Canada rate announcement Read More »
Earlier today, the Bank of Canada (BoC) made its eighth interest rate decision of the year. In a normal year there are eight interest rate announcements in total but this is far from a normal year, and there will likely be ten announcements. The news is generally positive, considering we are in the midst of
