by GIC Wealth Management | Jun 1, 2022 | Uncategorized
The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT). Inflation globally and in Canada continues to rise, largely...
by GIC Wealth Management | May 11, 2022 | Uncategorized
ROB CARRICK, The Globe and Mail We have ourselves a bull market in the unlikeliest of places – guaranteed investment certificates. Worn down by bad news both in and out of the financial world, investors are turning to GICs for a combination of much-improved interest...
by GIC Wealth Management | Apr 13, 2022 | Uncategorized
OTTAWA – OTTAWA – The Bank of Canada has raised its key interest rate by half a percentage point to 1% from 0.5%, the first half-point hike in more than two decades amid soaring inflation. This is a breaking news update, our previous story follows…...
by GIC Wealth Management | Apr 13, 2022 | Uncategorized
OTTAWA – On Wednesday, April 13, 2022, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the...
by GIC Wealth Management | Jan 28, 2022 | Uncategorized
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy...
