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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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.

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“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.”

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Economic upturn helps Poloz keep politics out of rate decision

‘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.’

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