by GIC Wealth Management | Jul 12, 2023 | Uncategorized
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Global inflation is easing, with lower energy prices and a decline in...
by GIC Wealth Management | Jun 8, 2023 | Uncategorized
The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening. Globally, consumer price inflation is coming down, largely reflecting...
by GIC Wealth Management | Oct 26, 2022 | Uncategorized
The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening. Inflation around the world remains high and broadly based. This...
by GIC Wealth Management | Sep 8, 2022 | Uncategorized
What to watch for next OTTAWA — Senior deputy governor Carolyn Rogers will deliver a speech to Calgary Economic Development on Thursday at 11:40 a.m. explaining the thinking behind today’s decision. This will be followed by a news conference at 1 pm. The Bank of...
by GIC Wealth Management | Jul 14, 2022 | Uncategorized
The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing its policy of quantitative tightening (QT). Inflation in Canada is higher and more persistent than the Bank...
