Time really just flies by – for example just a little while ago we heard the decision from the Bank of Canada to hold the overnight rate at 1%. The reason for that decision was due to the outlook of global economic growth deteriorated from what was initially anticipated. That said, the Bank of Canada

We are finally in June, and that means a lot of things; school is soon to end, letting out all of the kids into the wild, which is summer. But that aside, the more important thing that happened so far in this month is that the Bank of Canada has announced that they will be

It came to my attention that on January 13th, 2012, ING announced that it would be lowering the rate on its 10 year fixed mortgage to a record low of 3.99%. As it stands, other lenders will be following this and allowing borrowers to access 3.84% through mortgage providers on none other than RateHub. In

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

The Bank of Canada announced that they see less of a need to raise interest rates, becoming the latest major central bank to take an even more cautious stance against the worsening global economy. That being said, the Bank of Canada has held its overnight rate, allowing it to be unchanged at 1%, where it

The Bank of Canada has left its key overnight interest rate unchanged at 1%, explaining that the influential U.S. economy has grown at a much slower pace than anticipated. As many you may be aware of, the Bank of Canada’s overnight target rate affects the prime lending rate at Canada’s Big Banks, and in turn

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