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 »
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 (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 »
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 …
Steve Ladurantaye, Tara Perkins, and Bill Curry The housing market that led Canada out of recession is now so hot that Ottawa is talking about doing something to cool it off, a move economists say carries risks for the economy. Fuelled by record low interest rates, residential real estate prices have gained 20 per cent this …
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 »
