FYI/Blog Archives - Page 16 of 205 - GIC Wealth Management



Category: FYI/Blog

Bank of Canada Chief Has Warned Negative Interest Rates Are Coming

“The Bank of Canada’s chief has finally said what we had been patiently waiting for over the past several months: admission that Europe’s experiment with negative rates is about to cross the Atlantic. From Market News” –
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Bank of Canada keeps key rate at 1/2 per cent as economy faces ‘complex and lengthy adjustment’

“Despite some obvious rough patches in the economy, the Bank of Canada appears content to ride over them for the next few months and perhaps a lot longer. ‘For now, there was no need to change either rates or the message, but instead a time of stand pat and see if the world unfolds as expected in 2016.'” – Avery Shenfeld. To read full article please click on the link below:

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.

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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.

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.

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