by GIC Wealth Management | Jun 4, 2025 | Uncategorized
The Bank of Canada held its benchmark interest rate steady at 2.75 per cent Wednesday as policymakers keep waiting for more clarity on how tariffs will impact the economy. To continue reading…...
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...
