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 »
Rob Carrick, Globe and Mail Your friends at the big banks would like to have a chat with you. Bank of Nova Scotia invites you to stop by one of its branches for a second opinion on your investments. “It’s worth a talk, ” Canadian Imperial Bank of Commerce is saying about your finances, while …
OTTAWA — Bank of Canada Governor Mark Carney’s options were quickly running out. The economy was still in deep decline, interest rates were already at their lowest ever and he couldn’t take them much lower without bumping up against zero. Like many central bankers these days, he turned to unconventional means. But instead of fully …
OTTAWA — The Great Consensus is coming undone. By raising and lowering short-term interest rates to keep inflation moving at a targeted pace, many central bankers and academics thought they had finally found a monetary policy solution to conquer the booms and busts of the business cycle. After such failures as the gold standard and …
