The Bank of Canada (BoC) today announced that it is maintaining its target for the overnight rate at 1/2 per cent. Correspondingly, major financial institutions Prime rates should be staying at 2.7%, or 2.2% above BoC’s Key rate. Inflation remains under control in the eyes of the BoC and global economic growth remains weaker than […]
Bank of Canada Maintains Key Rate Read More »
The Bank of Canada (BoC) today has announced that it will leave their key overnight lending rate alone at 0.5%, therefore the Prime Rate of lending used by major Canadian FI’s for lending to their best business customers should remain at 2.7%. The BoC believes that a Canadian economic upturn is occurring and that its
BoC September 2015 Announcement Read More »
Today the Bank of Canada (BofC) announced (its fourth of 8 scheduled announcements for the year) that it will not be changing its benchmark key lending rate which directly affects the Prime rate of lending for major FI’s (financial institutions). BofC’s benchmark rate will stay at 0.75% and the Prime rate will likely remain at
Mortgage Logic Rate Watch – Bank of Canada leaves Key Rate untouched Read More »
Yesterday the Bank of Canada announced a 0.25% cut in their Key Overnight Lending Rate. This is the first movement in their Key Rate in four and a half years. The Bank of Canada’s main concern is how falling oil prices will negatively affect the Canadian (GDP) economy. The resources sector is being hit so
Bank Rate Watch: Who Benefits from Cut? Read More »
People will often wonder why the US has such a big impact on Canada’s economy. Here in a few short words Peter Hall, Chief Economist of EDC sums it up from a global perspective: Per capita, American consumers are among the richest in the world, operating in the planet’s top domestic market. Consumers account for
13 Cents Can Be a Lot of Money 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
September 3, 2014 BoC Rate Announcement 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 »
This week the Government of Canada issued it’s first 50 year bond at an interest rate of 2.96%! It sold $1.5 billion at double the minimum target. If this isn’t an indication of low stable interest rates for an extended period of time then we can’t think of anything else that is. This was a
Canada Issues First 50 Year Bond 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 »
The BoC has again decided to leave it’s key overnight lending rate at 1%, where it has been for almost three years now. New BoC governor Stephen Poloz, has warned that the Alberta flood and the Quebec construction strike of recent weeks will have a negative effect upon the Canadian eceonomy in 2013. Further he
Bank of Canada Announces Continued Rate Stability Read More »
