Tag Archives: bank of canada

Bank of Canada lowers overnight rate

The Bank of Canada has lowered their interest rate by 0.25%. The overnight rate was lowered from 0.75% to 0.5%. Prime Rate is now at 2.5%. Assuming, of course, that lenders follow the Bank of Canada‚Äôs lead, we should see … Continue reading

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Bank of Canada holds fast with their interest rates

The Bank of Canada announced today that it will be keeping the overnight rate at 3/4 percent. Many were hoping that they’d drop the rates again. The next scheduled date for announcing the overnight rate target is April 15th, 2015.

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TD forecasts the Bank of Canada will cut rates again in March

Last week, the Bank of Canada cut its target for the overnight lending rate from an already low one per cent to 0.75 per cent, in light of the risk posed to the Canadian economy by slumping oil prices. TD’s … Continue reading

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Bank of Canada cuts their overnight rate. Interest rates drop.

Bank of Canada cuts interest rate and we hope that banks will be dropping their variable rates to follow suit.

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Bank of Canada holds rate

The Bank of Canada holds rate at 1 per cent, where it has been since September 2010.

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Higher Rates ‘Less Imminent’

The Bank of Canada announced today, that the timing of the next increase in interest rates is “less imminent than previously anticipated”, which surprised most analysts.

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Higher Rates 'Less Imminent'

The Bank of Canada announced today, that the timing of the next increase in interest rates is “less imminent than previously anticipated”, which surprised most analysts.

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Interest Rates Stay The Same

The Bank Of Canada left its policy rate, and prime rate remains unchanged, at 3% as it has been for the past 25 months.

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