Bank of Canada raises key interest rate by 50 basis points
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... The Bank of...
Bank of Canada interest rate announcement and release of the Monetary Policy Report
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...
Bank of Canada maintains policy rate, removes exceptional forward guidance
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...
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing
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...
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing
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....
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program
"The Bank of Canada today maintained 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, reinforced and supplemented...
Even as market surges, broker sees GIC demand
ROB CARRICK, The Globe and Mail
Steady interest in guaranteed investment certificates driven by uncertainty on rally’s length, expert says In a normal stock market rally, GIC broker Brandon Brot typically sees a drop-off in client investment flows. Not this time…
How to get better returns without taking too much risk
DAVID ASTON, The Toronto Star
Your fixed income investments create an uncomfortable dilemma for you these days…
Small Canadian banks chase deposits to secure funding for troubled times
NICHOLA SAMINATHER, Reuters
Canada’s small financial institutions are waging a war for deposits, offering customers higher interest rates as they try to shore up funding, despite a drop in official interest rates to a decade-low…
Home Capital’s higher GIC rates will help them win business
BNN Bloomberg