Today the Bank of Canada (BoC) announced that it will be leaving its key rate unchanged at 1.25%. Canadian financial institutions are expected to follow suit and leave their Prime rate of lending at 3.45% Contrary to previous thinking; BoC is not raising rates at the pace they were expecting to. Hesitation has been caused […]
April 18, 2018 – Bank of Canada Announces No Change To Bank Rate Read More »
Any urgency read into Canadian economic matters this past summer to raise interest rates has quickly dissipated. The Bank of Canada (BoC) this week announced that it will leave its key rate alone at 1%. It has outlined concerns about difficult NAFTA (North American Free Trade Agreement) renegotiation talks as a primary reason that has
Bank of Canada Rate Announcement – October 25, 2017 Read More »
Canada’s central bank (Bank of Canada) announced today that it will leave its target for the key overnight rate unchanged at 0.5%. It has remained unchanged since middle of 2015. The Canadian economy is not showing signs of requiring more or less stimulus. The Bank’s announcement included an indication that there could be a change
Central Bank Leaves Key Rate Unchanged, Decides to Remain on Sidelines 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
Bank Rate Watch, June 2014 Read More »
Another announcement of stability today came from the Bank of Canada. No surprise as Canada follows on the heals of the U.S. in monetary policy. No rate change by the BoC. This marks more than three years that the BoC’s key rate has stood at 1% and Canadian Prime rate at 3%. The talk now
More Beautiful Boring News from the Bank of Canada Read More »
