Benjamin Tal kept an optimistic tone during his talk at the annual CAAMP conference, saying the recession is over, business bankruptcies are down, and key interest rates in Canada could remain low well into next year depending on when U.S. rates rise. “In Canada, there was no need to print money for stimulus during the …
Tal Talks Recovery, Dismisses Housing Bubble at CAAMP Session Read More »
Garry Marr, Financial Post Would you like to pay an extra $300 per month on your mortgage? Not likely. That hasn’t stopped a number of Canadians, with the deal of a lifetime on a variable-rate mortgage, from switching over to a more expensive fixed-rate product and paying the extra freight. A fear of rising rates …
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 …
Tim Cestnick You’ve got to love home ownership. I remember buying my first home. The real estate agent asked me how much I could afford, we both had a good laugh, and then we moved on from there. I did buy a home then. I recall that at first I wasn’t sure where the property …
How Your Home Sweet Home Can Help Shelter You From Tax Read More »
Rob Carrick, Globe and Mail Your friends at the big banks would like to have a chat with you. Bank of Nova Scotia invites you to stop by one of its branches for a second opinion on your investments. “It’s worth a talk, ” Canadian Imperial Bank of Commerce is saying about your finances, while …
OTTAWA — Bank of Canada Governor Mark Carney’s options were quickly running out. The economy was still in deep decline, interest rates were already at their lowest ever and he couldn’t take them much lower without bumping up against zero. Like many central bankers these days, he turned to unconventional means. But instead of fully …
OTTAWA — The Great Consensus is coming undone. By raising and lowering short-term interest rates to keep inflation moving at a targeted pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer the booms and busts of the business cycle. After such failures as the gold standard and …
OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. The Bank Rate is correspondingly lowered to 1/2 per cent. The deposit rate – …
Bank of Canada Lowers Overnight Rate Target by 1/4 Percentage Point Read More »
Globe and Mail Update February 23, 2009 The recent federal budget included the establishment of an independent task force to make recommendations on financial literacy, among other issues. Our organization, the Investor Education Fund, applauds this development and looks forward to working with such a committee. In the past nine years, we have learned that …
Schools Have Failed on the Financial Literacy Front Read More »
3 March 2009, OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3/4 per cent. The outlook for the global …
Bank of Canada lowers overnight rate target by 1/2 percentage point Read More »
