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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’s lead, we should see … Continue reading
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.
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
Bank of Canada cuts interest rate and we hope that banks will be dropping their variable rates to follow suit.
For some, lowered interest rates are a boon, for others, not so much. Here’s a look at how you may be affected by lower interest rates.
The Bank of Canada Abandons its Rate Hike Bias. After years of mimicking chicken little, saying the sky was falling and that interest rates were rising, The Bank of Canada has stopped hinting at future rate hikes.
The Bank of Canada holds rate at 1 per cent, where it has been since September 2010.
Interest Rates rise and Real estate sales are up by 21% and 52% in Toronto & Vancouver.