This makes you wonder if Investors will begin to look elsewhere, as they have in the past when tax rate changes have been made unfavorable in Canada, or more favorable in the US.
Canada’s Capital Tax Ranking Before & After April 2024 Federal Budget. Read More »
Today the Bank of Canada (BoC) again has decided to hold their Key Rate the same. The Canadian economy is in an unusual situation due to a combination of Federal Government policies and post-COVID effects. Inflation began going through the roof, as we all remember, in the middle of the COVID reign, due to supply
Bank of Canada today…no Change, Later on for Rate Cuts Read More »
No news is good news – the Bank of Canada (BoC) decided today (Sept 6) to keep its benchmark (overnight) interest rate steady at 5.00%, putting a hold on a policy that resulted in 10 increases stretching back to March 2022. At the Bank’s last meeting in July, it raised the rate 0.25% due to
Sept 6, 2023 – Bank of Canada Leaves Rate As Is Read More »
The Bank of Canada (BoC) has today decided to place a hold on any change in its Key Rate, and is holding at 4.5% (Prime rate of interest at major financial institution’s 6.7%) for the first time in nine announcements (March 2022). This is as opposed to the US Federal Reserve which has indicated clearly
BoC decides to leave Key Rate as is Today, March 8, 2023 Read More »
The Bank of Canada (BoC) has raised its Key Overnight Lending rate by 25 basis points, bringing it to 4.50%, and the Prime rate of interest to 6.7%. This is the BoC’s eighth consecutive rate hike and was anticipated by markets and many economists. Looking ahead, the Bank said it “expects to hold the policy
BoC Today – Are we at an End of a Rising Bank Rate Cycle? Read More »
The Bank of Canada today increased its target for the overnight rate to 4¼% impacting the Prime rate at major FI’s to increase to 6.45%. The Bank is also continuing its policy of quantitative tightening – releasing debt previously purchased from its balance sheet. This rate increase caps off a year of rate increases not
BoC Rate Increase Today but Signs of Rates Plateauing Read More »
