“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” – AdvisorAnalyst.com
To read the full article please click on the link below:
http://advisoranalyst.com/glablog/2015/12/09/bank-of-canada-chief-has-warned-negative-interest-rates-are-coming.html

“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:

http://business.financialpost.com/news/economy/bank-of-canada-holds-key-interest-rate-at-0-5

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/

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/

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.