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

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

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

The Canadian economy has likely suffered the worst quarter since the recession during the summer months, and it is still facing risks ranging from a global currency war to a collapse in the housing market noted the Bank of Canada. In the latest quarterly outlook, the Bank of Canada estimates that the Canadian economy advanced