Today the Bank of Canada has, on it’s scheduled announcement date, decided to again leave their Key Overnight Lending Rate alone at 1%. This should in turn influence key Canadian financial institutions to leave their Prime lending rate(s) at 3%. We have a allot of respect for people that can take the driest of subject […]
B of C Rate Announcement – English Literature at its Finest Read More »
This month on its scheduled announcement date (March 6th) the Bank of Canada (BoC) again decided to leave its key overnight lending rate alone. It has been two and a half years since it has adjusted the rate that directly impacts the Prime Rate of interest, (which directly affects all businesses and consumers). BoC’s rate
Bank Rates – US & Canada – March 2013 Read More »
Today the BofC again decided to leave it’s key rate alone. They have not adjusted their key overnight lending rate since September of 2010. Although there is a bit of a concern that Canadians are over leveraged, there is more of a concern about the strength of the Canadian dollar and whether our economy
Bank of Canada Maintains Overnight Rate at One Percent Read More »
Jeremy Torobin, Globe and Mail It’s almost a cliché that neither advanced nations nor emerging markets are doing all they can to fulfill all the commitments they’ve made at Group of 20 summits to close yawning imbalances in the global economy, preventing a smoother, faster recovery. Few economic forecasting shops, though, have anything like the
Bank of Canada Fears Weak Growth in Economy Read More »
Economic news this week further endorses BoC holding rate steady “Ongoing excess supply” in the economy has yielded stable prices. Any fear of inflation seems to be subdued by this and the mess in Europe. Rates continue stable. The last time BoC altered it’s rate was September 2010. Bank rate remains at 1%, Prime rate
Bank of Canada Makes No Change in Key Rate Last Week Read More »
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s JulyMonetary
Bank of Canada Maintains Overnight Rate Target at 1% Read More »
Has Not Changed in a Year, Not likely to Change For Quite Some Time Ideas previously extolled in media about rate hikes this year are completely unfounded now. 1.) Strength in Canadian currency, 2.) no sign of inflation, 3.) slower Canadian economy than previously thought. It all adds up to extended period of low rates.
Key Bank of Canada Rate Remains the Same Read More »
Bank of Canada decides to hold key rate “as is” yesterday. BoC is concerned with the potential issues of a lingering strong $CDN vs. $US. Inflation should stay in check for foreseeable future, because of the strong $CDN. Prices of imported goods should partially offset higher gas prices at the pumps. Key overnight lending rate
Bank of Canada Holds the Line on Key Rate Read More »
Bank of Canada Leaves its Key Rate Alone and Bond Rates Seemed to Have Peaked On March 1st the Bank of Canada (BoC) decided to leave their key overnight lending rate alone, thus influencing the Prime interest rate the same. It does not seem likely that the BoC will raise rates anytime soon especially given the
Going Overboard, Who Is Captain Of Canadian Mortgage Ship? Today the Canadian Finance Minister (Flaherty) announced additional tightening of rules for government backed (insured) mortgages. Last April 2010 he introduced rules that effectively reduced the ability for Canadians to leverage their homes and revenue properties. Today he focused solely on Canadians’ homes. The three sweeping
Finance Minister Tightens Insured Mortgage Rules Again In Less Than A Year Read More »
