Interest Rates on the Move?

As a result of stubborn inflation and stronger then expected economic growth signs are becoming more clear that Canadians could be seeing interest rate hikes sooner then previously anticipated. Bank of Canada’s Mark Carney did not directly state that higher rates were...

Countdown to Rate Hikes

The Bank of Canada took its first steps Tuesday toward returning the country to more normal interest-rate levels by signalling a more hawkish tone on inflation and acknowledging the economy is performing better than expected on “vigorous” consumer demand....

Bank of Canada Maintains Interest Rates

The Bank of Canada is keeping its benchmark lending rate at a record low of 0.25 per cent, reiterating on Tuesday its conditional commitment to hold rates steady until the middle of this year. Although it held the overnight lending rate steady, the bank acknowledged...

Interest Rate Update

A quarterly Reuters poll published last Thursday indicates growth from the Canadian economy in 2010. This growth however is not indicated to be prompt enough to influence the Bank of Canada to raise interest rates anytime soon. The survey consisted of around 20...

Bank of Canada Maintains Interest Rate

OTTAWA, Ontario, October 20, 2009 — The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on October 20th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at...