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 »
Taxes have never achieved anything good for an Economy or a Society and certainly have never achieved the objective that they were originally dreamt up for. They are punitive and negative and discourage raising the overall standard of living for all. A new report backed by Canada’s national housing agency is calling for a home …
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 »
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 …
In a news releases today Genworth Canada and Canada Guaranty have both confirmed that they will not follow suit with Canada’s main mortgage insurer, CMHC, in tightening lending guidelines for mortgages. Genworth MI Canada Inc. (TSX: MIC) said: “it has no plans to change its underwriting policy related to debt service ratio limits, minimum credit …
Canada’s income tax rates have become uncompetitive, and the economy will pay the price. Jamie Golombek: High tax rates, which reduce the reward of earning more income, discourage people from engaging in productive economic activity…(read more)
The Bank of Canada has decided to leave its key rate untouched (at 1.75%) with its announcement today. As expected, their hawkish view on ramping up rates has cooled off. Major FI prime rates will likely stay at 3.95%. The Canadian economy is not performing as expected right now for the following reasons: • Lower …
January 9, 2019 – Bank of Canada Makes No Change to its Key Rate 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 …
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 »
