The Bank of Canada (BoC) today announced it will increase its benchmark key overnight lending rate by 0.25% to 1.5%, thus likely causing major financial institutions to raise their prime rate by same. The BoC is taking an opportunity to raise the rate now in order that it continue to build its tool chest to …
Bank of Canada Takes Advantage of Strong Recent Economic Numbers Read More »
The Bank of Canada (BoC) today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Pre-indications of the bank not pursuing a rate increase were given by bond yields having dropped since mid-February. The BoC …
The Bank of Canada today raised its key lending benchmark rate a quarter point to 1.25 per cent. This is “an historically low setting that nonetheless will seem high to anyone who got used to post-crisis borrowing costs that were closer to zero.” per Kevin Carmichael of the Financial Post. The BoC has acknowledged that …
Bank of Canada Delivers Increase Today – January 17, 2018 Read More »
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 …
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 …
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 …
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 …
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 …
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 »
