The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s JulyMonetary …
Bank of Canada Maintains Overnight Rate Target at 1% Read More »
Has Not Changed in a Year, Not likely to Change For Quite Some Time Ideas previously extolled in media about rate hikes this year are completely unfounded now. 1.) Strength in Canadian currency, 2.) no sign of inflation, 3.) slower Canadian economy than previously thought. It all adds up to extended period of low rates. …
Not Changing Key Rate For Awhile The Bank of Canada (BoC) this summer decided to leave their key overnight lending rate alone at 1%, and thus leaving the Canadian Prime Rate at 3%. BoC is between a rock and a hard place: concerned about curbing Canada’s economic expansion (which has been hit by the slowdown …
Bank of Canada decides to hold key rate “as is” yesterday. BoC is concerned with the potential issues of a lingering strong $CDN vs. $US. Inflation should stay in check for foreseeable future, because of the strong $CDN. Prices of imported goods should partially offset higher gas prices at the pumps. Key overnight lending rate …
Bank of Canada Leaves its Key Rate Alone and Bond Rates Seemed to Have Peaked On March 1st the Bank of Canada (BoC) decided to leave their key overnight lending rate alone, thus influencing the Prime interest rate the same. It does not seem likely that the BoC will raise rates anytime soon especially given the …
The Bank of Canada (BoC) today announced that they will be leaving their Key Overnight Lending Rate at 1% therefore influencing the Prime lending rate with major institutions to stay the same at 3%. This is the second announcement in a row that BoC has done so. The bottom line is that because inflation seems …
Bank of Canada leaves rate as is, although it signaled that they will begin raising it sooner than later, i.e. June rather than July 2010. The extent and timing of increases will depend upon the economic outlook, and more specifically targeting a 2% inflation rate. There are three considerable reasons existing why the bank rate …
OTTAWA — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. The global economic recovery is under way, supported by continued improvements in financial conditions and stronger …
Bank of Canada Maintains Overnight Rate Target at 1/4 per cent Read More »
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. While significant fragilities remain, global economic developments have been slightly more positive and the global outlook has improved modestly relative to the …
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Information received since the Bank’s April Monetary Policy Report (MPR) is broadly consistent with the Bank’s …
