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Posts Tagged ‘rate hike’

McGuinty Urges the Bank of Canada to Raise Interest Rates

Thursday, September 2, 2010, 10:45
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Premier Dalton McGuinty has given a message to the Bank of Canada, and that is not to raise interest rates next week. McGuinty has noted that Canada’s economic recovery is still fragile, and as such they should be careful as to now do anything that would increase expenses or drive up costs. McGuinty advised the Bank of Canada ... Full story

Tags: Bank of Canada, canada report, consumers, current situation, decisions, double dip recession, doubts, economic recovery, interest rate, interest rates, mark carney, monetary policy, pocketbooks, point in time, premier dalton mcguinty, rate hike, rate hikes, robust recovery, second quarter

Central Bank May Pause Rate Increase

Friday, August 20, 2010, 12:30
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With slowing Canadian growth, a tumbling U.S. economy and mild inflation trends can result in Canada’s central bank putting a temporary hold in interest rate hikes according to a top economist with BMO Capital Markets. Douglas Porter, deputy chief economist noted that there is still more for the Bank of Canada to ... Full story

Tags: Bank of Canada, bmo capital markets, canadian economy, cost of electricity, deputy chief economist, douglas porter, economic situation, energy price, energy prices, final decisions, global economy, harmonized sales, interest rate hikes, quarter point, rate hike, rate increase, s central, upcoming meetings

Carney: European Debt Crisis Affects has been Modest

Friday, June 11, 2010, 8:38
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The European Debt Crisis has had a modest impact on Canada, however the crisis is far from over. The Bank of Canada Governor Mark Carney noted that with the European debt crisis is not over at all, and that the governments need to be on healthy fiscal paths. Carney goes onto ... Full story

Tags: Bank of Canada, bank of canada governor, banks, capital markets, commodity prices, cost of borrowing, credit crisis, debt crisis, economist, governments, housing market, mark carney, rate hike, recession, world bank

Higher Interest Rates to Come

Wednesday, April 21, 2010, 7:40
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Well folks, what many of us have feared to happen, is upon us, the Bank of Canada is introducing higher interest rates earlier than planned. It is likely we will see an increase in interest rates as early as June 1ST. On Tuesday, the Bank of Canada left its key overnight rate untouched at its scheduled ... Full story

Tags: Bank of Canada, interest rates, overnight rate, pre approved mortgage, rate hike, td economics

Mortgage Rates Rise Again

Wednesday, April 14, 2010, 8:10
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Canada’s record low interest rates are in their final days, and repeated hikes in mortgage costs mean that for some first time homebuyers stand a chance of being shut out of the housing market. Royal Bank of Canada (RBC) announced on April 13th that it will be raising its residential mortgage rates for the second time in ... Full story

Tags: banks, countdown, first mortgage, fixed rate mortgage, housing market, interest rate, low interest rates, mortgage costs, overnight rate, rate hike, RBC, residential mortgage rates, Royal Bank of Canada, rules changes, year fixed rate mortgage

CIBC: Parity by Summer

Thursday, March 11, 2010, 8:34
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Interest rates increases are expected to drive the Canadian dollar back up to parity with the U.S. dollar by the summer according to a new report from CIBC World Markets Inc. This forecast is based on the expectation that the Bank of Canada will be raising its key lending rate in July, which is at least 6 ... Full story

Tags: Bank of Canada, BMO, canadian dollar, capital markets, cibc world markets inc, commodity prices, economists, federal reserve, forecast notes, interest rates increases, Loonie, parity, rate hike, rising interest rates, Scotiabank

Fragility Stays as Rate Kept at Historic Lows

Wednesday, December 9, 2009, 8:27
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With weaker than expected growth in the July to September period, the Bank of Canada lefts its overnight rate unchanged at 0.25%. In the midst of this announcement, TD Bank has noted that Canada’s recovery is so fragile that the central bank’s Governor Mark Carney will have to ... Full story