The Bank of Canada has announced that they will be maintaining the current target for the overnight rate at 1%. That being said, the Bank Rate is 1.25%, while the deposit rate is at 0.75%. The rate has been kept at 1% for the past year as the Bank of Canada continues to wait for

RBC Economics has released their latest Economic Outlook, forecasting Canada’s economy to expand by 3.2% in 2011, and 3.1% in 2012, being aided by a projected continued recovery in the U.S. Canada’s economy has been leading the race to expansion with real GDP, standing 2% above its pre recession peak and posting a 3.9% annualized

The Bank of Canada has announced that it will be keeping interest rates at its low levels, once again giving no hints as to when they will be begin to raise them. What this means it that the Bank of Canada will be maintaining its target for the overnight rate at 1%. This marks the

Jonathan Spall, the author of “How to Profit in Gold” has been involved in the precious metals market as a trader and salesperson for 25 years. Spall has worked for Barclays Capital for 6 years, and has spent 10 years at Deutsche Bank, most recently at a London based director with responsibility for official sector

The Bank of Canada released information today explaining that the economy is recovering a bit faster than expected, with no risk of runaway inflation. With that said, the Bank of Canada has left its trend setting rate untouched at 1%. Governor Mark Carney’s decision to keep the bank’s overnight rate untouched also reflects concerns that

Canada’s economic recovery has proceeded on in the third quarter, however the pace of growth has slowed for the second straight quarter after losing traction in the spring amidst the softness in the U.S. economy, according to the latest Economic Outlook report from RBC Economics. With the financial market conditions improving and with monetary policy

The global economy is unlikely to relapse into the recession, however the next six months may be hectic, as there are 3 major causes of concerns. The first concern is the fears of Europe’s debt troubles refusing to subside; the second concern is Friday’s U.S. employment data was a bit disappointing; and the last concern