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Category: For Your Information

ECB head Draghi’s stimulus efforts leave markets underwhelmed

The stock markets sank to their lowest levels in months, government bond yields rose and the euro surged to its highest level since 2009, making exports more expensive.

To read the full article please click on the link below:
http://www.theglobeandmail.com/report-on-business/ecb-drops-deposit-rate-in-bid-to-trigger-inflation/article27576722/

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. The US economy continues to grow at a solid pace, although private domestic demand has proven slightly less robust than expected. For full article please click on the link below.

http://www.bankofcanada.ca/2015/12/fad-press-release-2015-12-02/

Why interest rates will stay low, and what that means for your retirement security

If you are saving for retirement in an RRSP or a company defined contribution pension plan, your retirement security might well depend on the future direction of interest rates.

To read full article click here.

Economic upturn helps Poloz keep politics out of rate decision

“At this morning’s regularly scheduled interest-rate decision – the only one landing during the lengthy campaign – the Bank of Canada held its key interest rate steady at 0.50 per cent. That came on the heels of a quarter-percentage-point rate cut at the bank’s previous setting in mid-July – a cut that had prompted considerable speculation that another subsequent cut was in the cards.”

To read the full article, click below
Economic upturn helps Poloz keep politics out of rate decision

Loonie hits decade low as rate-cut speculation grows

‘The Canadian dollar plunged to a new decade low and the country’s bond yields dropped to their lowest ever as slowing global growth sparked a worldwide market rout and doubled odds the Bank of Canada would cut rates a third time this year.’

To read the full article click here.


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