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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