The Bank of Canada (BoC) today has decided to raise its key overnight lending rate for the first time since 2018. They have announced a 0.25% increase to bring their rate to 0.50%. They are responding to a persistent inflationary environment that began last year and has not abated. The prime rate of interest at …
Bank of Canada Raises Key Rate 0.25% As Expected Read More »
Taxes have never achieved anything good for an Economy or a Society and certainly have never achieved the objective that they were originally dreamt up for. They are punitive and negative and discourage raising the overall standard of living for all. A new report backed by Canada’s national housing agency is calling for a home …
Today, Wednesday June 3rd, the Bank of Canada (BoC) made its sixth interest rate announcement this year, the first under its newly appointed Governor Tiff Macklem. The BoC has repeatedly stated that it has no intention of reducing the rate below its where it is at currently: 0.25%. The BoC did state that the impact …
BoC Bank Rate Announcement – Wednesday June 3rd, Tiff’s first Read More »
Today was a regularly scheduled announcement date for the Bank of Canada (BoC). After an unprecedented month of March when the BoC chopped their key rate three separate times for a total decrease of 1.5%, there was no change in their key rate today. The BoC press release today was very important and I encourage …
Bank of Canada Regularly Scheduled Rate Announcement Today – April 15, 2020 Read More »
Today (Wednesday, March 4th) the Bank of Canada (BoC) decided to cut its key overnight lending rate by 0.5% on this scheduled announcement date. Although this move looks to be in line with the unscheduled rate cut made by the U.S. Federal Reserve yesterday due to the impact of the coronavirus on the U.S. economy, …
The Bank of Canada (BoC) today announced that it will not be making any changes at this time to their key rate, which directly affects the prime rate of interest with major financial institutions. They have cut their growth forecast to 1.3% from 1.7% for Q1 2020. Consumer spending and confidence is unexpectedly weak. BoC …
