by GIC Wealth Management | Apr 16, 2025 | Uncategorized
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. To continue reading… Bank of Canada holds policy rate at 2¾% – Bank of Canada
by GIC Wealth Management | Mar 12, 2025 | Uncategorized
On March 12th, 2025, The Bank of Canada reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. Below is a link to today’s press release: March 12, 2025 Bank of Canada press release
by GIC Wealth Management | Jan 29, 2025 | Uncategorized
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.1 The Bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening. To...
by GIC Wealth Management | Dec 12, 2024 | Uncategorized
The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet normalization. The global economy is evolving largely as expected in the Bank’s...
by GIC Wealth Management | Dec 11, 2024 | Uncategorized
The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday but signalled a slower pace of rate cuts moving forward. Economists were largely expecting another weighty cut following a quarterly GDP report that saw growth come in below...
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...
