The Bank of Canada today held its target for the overnight rate at 5%. The Bank is continuing its policy of quantitative tightening (selling debt from its books). The global economy is slowing past increases in policy rates and the recent surge in global bond yields are slowing demand. The Bank projects global GDP growth …
The Bank of Canada holds firm on Key Rate today – October 25, 2023 Read More »
No news is good news – the Bank of Canada (BoC) decided today (Sept 6) to keep its benchmark (overnight) interest rate steady at 5.00%, putting a hold on a policy that resulted in 10 increases stretching back to March 2022. At the Bank’s last meeting in July, it raised the rate 0.25% due to …
The Bank of Canada (BoC) today raised its key rate by 0.25% to 5.0%, stating that it sees it key rate coming back down circa 2025 (a federal election year). The unusual issue about our current BoC regime is that they continue to predict events and timing which traditionally the BoC has stayed away from. …
The BoC Raises Rate to Highest Level in 22 Years Read More »
Today the Bank of Canada (BoC) resumed its monetary policy tightening campaign and increased its Key rate by 0.25%. This lifts their policy rate to 4.75% and will raise the Prime rate of interest at major financial institutions (FI) to 6.95%. BoC had held the line with no rate changes since January as it thought …
Bank of Canada Increases by 0.25% Today – Slight Surprise Read More »
The Bank of Canada (BoC) today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening, ie releasing/selling debt that they had previously purchased. Per the BoC: “Inflation in many countries is easing in …
The Bank of Canada (BoC) has today decided to place a hold on any change in its Key Rate, and is holding at 4.5% (Prime rate of interest at major financial institution’s 6.7%) for the first time in nine announcements (March 2022). This is as opposed to the US Federal Reserve which has indicated clearly …
BoC decides to leave Key Rate as is Today, March 8, 2023 Read More »
The Bank of Canada (BoC) has raised its Key Overnight Lending rate by 25 basis points, bringing it to 4.50%, and the Prime rate of interest to 6.7%. This is the BoC’s eighth consecutive rate hike and was anticipated by markets and many economists. Looking ahead, the Bank said it “expects to hold the policy …
BoC Today – Are we at an End of a Rising Bank Rate Cycle? Read More »
The Bank of Canada today increased its target for the overnight rate to 4¼% impacting the Prime rate at major FI’s to increase to 6.45%. The Bank is also continuing its policy of quantitative tightening – releasing debt previously purchased from its balance sheet. This rate increase caps off a year of rate increases not …
BoC Rate Increase Today but Signs of Rates Plateauing Read More »
Today the Bank of Canada (BoC) raised its key rate by one-half of one percent (0.5%). Many experts were thinking that the BoC was going to announce a 0.75% increase and are now reading into the news that we may be near the end of tightening (raising) interest rates. The equity investing community would like …
Today the Bank of Canada has increased its key overnight lending rate to 3.25%, a 0.75% increase. Overall, this year the BoC has raised its key rate by 3.0% since March, rivaling the mid-1990s in rate increases. Per the BoC: “The Governing Council remains resolute in its commitment to price stability and will continue to …
Bank of Canada raises its Key Rate by 0.75% today Read More »
