The Bank of Canada (BoC) today announced that it is maintaining its target for the overnight rate at 1/2 per cent. Correspondingly, major financial institutions Prime rates should be staying at 2.7%, or 2.2% above BoC’s Key rate. Inflation remains under control in the eyes of the BoC and global economic growth remains weaker than […]
Bank of Canada Maintains Key Rate Read More »
The Bank of Canada (BoC) today has announced that it will leave their key overnight lending rate alone at 0.5%, therefore the Prime Rate of lending used by major Canadian FI’s for lending to their best business customers should remain at 2.7%. The BoC believes that a Canadian economic upturn is occurring and that its
BoC September 2015 Announcement Read More »
Today the Bank of Canada (BofC) announced (its fourth of 8 scheduled announcements for the year) that it will not be changing its benchmark key lending rate which directly affects the Prime rate of lending for major FI’s (financial institutions). BofC’s benchmark rate will stay at 0.75% and the Prime rate will likely remain at
Mortgage Logic Rate Watch – Bank of Canada leaves Key Rate untouched Read More »
Alas, today the big Canadian banks are finally seeing fit to lowering their prime lending rates by 0.15% to 2.85% from 3%. This move made after initially indicating, last week, that they would not change their Prime rates when the Bank of Canada (BoC) lowered it’s Key rate by 0.25% on January 21st. The last
Major Canadian FI’s Give In and Lower their Prime Lending Rates Read More »
Yesterday the Bank of Canada announced a 0.25% cut in their Key Overnight Lending Rate. This is the first movement in their Key Rate in four and a half years. The Bank of Canada’s main concern is how falling oil prices will negatively affect the Canadian (GDP) economy. The resources sector is being hit so
Bank Rate Watch: Who Benefits from Cut? Read More »
The Bank of Canada has again decided to keep their key overnight lending rate unchanged. This, despite the fact that inflation (CPI) has moved closer to the 2% target. The Bank’s key rate directly influences the Prime rate which is the index rate used for floating/variable rate lending. There continues to be no reason for
September 3, 2014 BoC Rate Announcement Read More »
When the BoC says: The global economy is evolving largely as anticipated, it really means: There isn’t a whole lot that has changed since the last time we said something and rates are not changing! In summary: the Canadian economy is beginning to show signs of slowing down, while the U.S. economy is showing some
BoC: “..evolving largely as anticipated” Read More »
The BoC has again decided to leave it’s key overnight lending rate at 1%, where it has been for almost three years now. New BoC governor Stephen Poloz, has warned that the Alberta flood and the Quebec construction strike of recent weeks will have a negative effect upon the Canadian eceonomy in 2013. Further he
Bank of Canada Announces Continued Rate Stability Read More »
Today the Bank of Canada has, on it’s scheduled announcement date, decided to again leave their Key Overnight Lending Rate alone at 1%. This should in turn influence key Canadian financial institutions to leave their Prime lending rate(s) at 3%. We have a allot of respect for people that can take the driest of subject
B of C Rate Announcement – English Literature at its Finest Read More »
This month on its scheduled announcement date (March 6th) the Bank of Canada (BoC) again decided to leave its key overnight lending rate alone. It has been two and a half years since it has adjusted the rate that directly impacts the Prime Rate of interest, (which directly affects all businesses and consumers). BoC’s rate
Bank Rates – US & Canada – March 2013 Read More »
