by GIC Wealth Management | Oct 23, 2024 | Uncategorized
The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. The Bank continues to expect the global economy to expand at a rate of...
by GIC Wealth Management | Sep 19, 2024 | Uncategorized
U.S. stocks finished lower after the Federal Reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than investors had been expecting just a week ago. Though traders had anticipated a rate cut, they had been left guessing...
by GIC Wealth Management | Sep 4, 2024 | Uncategorized
The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. To continue reading please visit Bank of Canada reduces policy...
by GIC Wealth Management | Jun 5, 2024 | Uncategorized
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. To continue reading…...
by GIC Wealth Management | Mar 7, 2024 | Uncategorized
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth slowed in the fourth quarter. To continue reading…...
