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 »
Today the Bank of Canada (BoC) decided to hold its key lending rate unchanged. This decision is best summed up by Financial Post’s Kevin Carmichael as follows: “Canada’s central bank took a break from raising interest rates on Dec. 5. The pause could last longer than many were expecting, mostly because policy makers are worried
Economy Not as Rosy as Bank of Canada Had Thought Read More »
Today the Bank of Canada decided to raise its key rate by 0.25% to 1.75%. It is expected that Canada’s major FI’s will follow suit and raise their Prime rate of interest to 3.95%. Interest rates are still at record low levels and BoC has indicated that it would like to achieve a “neutral stance”
October 24, 2018 Bank of Canada Pushes Key Rate Up Read More »
The Bank of Canada (BoC) today announced it will increase its benchmark key overnight lending rate by 0.25% to 1.5%, thus likely causing major financial institutions to raise their prime rate by same. The BoC is taking an opportunity to raise the rate now in order that it continue to build its tool chest to
Bank of Canada Takes Advantage of Strong Recent Economic Numbers Read More »
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 »
The Bank of Canada (BoC) today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Pre-indications of the bank not pursuing a rate increase were given by bond yields having dropped since mid-February. The BoC
Bank of Canada Announcement – March 7, 2018 Read More »
The Bank of Canada today raised its key lending benchmark rate a quarter point to 1.25 per cent. This is “an historically low setting that nonetheless will seem high to anyone who got used to post-crisis borrowing costs that were closer to zero.” per Kevin Carmichael of the Financial Post. The BoC has acknowledged that
Bank of Canada Delivers Increase Today – January 17, 2018 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
Bank of Canada Announcement Shows Caution 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 »
Yesterday the Bank of Canada raised its key rate to tighten monetary policy in Canada. Many economists and investors thought that the BoC would leave the rate alone and not hike it two announcement dates (July & September) in a row. There has been a few quarters of healthy economic growth and BoC decided to
Bank of Canada Tightening – September 2017 Read More »
