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…...
by GIC Wealth Management | Jan 25, 2024 | Uncategorized
The Bank of Canada’s decision to maintain its key rate comes as no surprise. Weaker economic growth along with slowing inflation has allowed the central bank to hold its policy rate steady and monitor how the economy is responding to higher rates. To continue reading...
by GIC Wealth Management | Oct 25, 2023 | 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. The global economy is slowing and growth is forecast to moderate further as past...
by GIC Wealth Management | Sep 6, 2023 | 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 also continuing its policy of quantitative tightening. Inflation in advanced economies has continued to come down, but with...
