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

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

Bank of Canada Governor Mark Carney warns that Canada’s fiscal advantage will only go so far in protecting the country against a debt crisis growing in the world’s advanced nations and Asia’s emerging economic powerhouse. Carney explained the Canadian Club Ottawa on Monday that the world is in the midst of a major economic power

TD Economics has recently announced that it is revising its growth forecast to 3% for 2011, up from the last forecast of 2.6%, which was previously announced in its December TD Quarterly Economic Forecast. This upward revision reflects a brighter outlook for the U.S., as well as in increased global appetite for Canadian commodities. Canada’s

The tragic event in Japan have not only caused concern for the families affected, however it has also added growing concerns about the strength of the recovery, however it should not push either the Canadian or global economies back into the recession according to CIBC. As a matter of fact, in the latest monthly report,