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...
by GIC Wealth Management | Sep 19, 2024 | Uncategorized
U.S. stocks finished lower after the Federal Reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than investors had been expecting just a week ago. Though traders had anticipated a rate cut, they had been left guessing...
by GIC Wealth Management | Sep 4, 2024 | Uncategorized
The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. To continue reading please visit Bank of Canada reduces policy...
by GIC Wealth Management | Jun 5, 2024 | Uncategorized
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. To continue reading…...
by GIC Wealth Management | Mar 7, 2024 | Uncategorized
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth slowed in the fourth quarter. To continue reading…...
by GIC Wealth Management | Jan 25, 2024 | Uncategorized
The Bank of Canada’s decision to maintain its key rate comes as no surprise. Weaker economic growth along with slowing inflation has allowed the central bank to hold its policy rate steady and monitor how the economy is responding to higher rates. To continue reading...
