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

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 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

Yesterday we saw the Bank of Canada hike interest rates by 0.25%, while announcing that future increases to its trendsetting overnight rate will depend on what they call “unusual uncertainty” surrounding the global outlook. The “unusual uncertainty” that the Bank of Canada is referring to is in fact the U.S. economy. The recovery has been

Today we saw the Bank of Canada increase their trend setting rate to 1%, marking this as the 3rd increase since the Bank of Canada has begun raising rates. With this interest rates we will be seeing the prime lending rate increased, and it should be announced as early as today. With the prime lending

The Bank of Canada has raised its trend setting interest rate for the third consecutive time, however they have signaled that this may be the last increase until the central bank sees signs of a durable recovery. The trend setting interest rate is now at 1%, which makes this recent increase inline with the past