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Bank of Canada drops rate-hike talk

The Bank of Canada has abandoned 18 months of warnings that interest rates will one day have to rise, saying on Wednesday that a soft economy and persistently weak inflation mean there is as much chance of a rate cut as a rate hike. The surprise policy shift, which knocked the Canadian dollar to a [...]

By |2017-01-04T01:02:24+00:00October 24th, 2013|Economy|0 Comments

Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Global economic growth has evolved largely as anticipated in the Bank's April Monetary Policy Report (MPR).  In the [...]

By |2017-01-04T01:02:26+00:00June 4th, 2013|Economy|0 Comments

Housing market calming, Condo Report

Bank of Montreal economics published a Special Report last week on the Canadian housing market which seems to provide ample evidence that markets really are in the process of achieving the much sought  after “soft landing” after federal policy makers took steps to cool the market last summer. The bank also predicts that the soft [...]

By |2017-01-04T01:02:26+00:00June 3rd, 2013|Economy|0 Comments