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...
by GIC Wealth Management | Oct 27, 2021 | Uncategorized
Media Relations Ottawa, Ontario October 27, 2021 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on...
by GIC Wealth Management | Sep 8, 2021 | Uncategorized
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate....
