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01 June 2012
Canadian Q1 GDP Growth and US Employment
The Canadian economy grew at a 1.9 per cent rate in the first quarter of 2012, as growth in consumer spending slowed and business investment accelerated. Economic growth fell short of Bank of Canada expectations of 2.5 per cent though a pick up in second Read More...
06 February 2012
US Federal Reserve Interest Rate Announcement
January 25, 2012 The US Federal Reserve ushered in a new era of transparency today. Gone are the days of Fed-watchers carefully parsing press-release language for hints on the direction of interest rates. Instead, the Fed's new communications strategy Read More...
19 April 2011
Canadian CPI & US Housing Starts
April 19 2011 Canadian inflation surged 3.3 per cent in March, the highest reading on inflation since September 2008. The increase in inflation was largely anticipated given the recent run-up in food and energy prices. Indeed, energy prices were 13 per Read More...
19 October 2010
Bank of Canada Interest Rate Announcement - October 19, 2010
The Bank of Canada announced today that it will hold its trend setting target overnight rate at 1.00 per cent. The Central Bank reported that the economic outlook for Canada has changed and it expects the economic recovery to be more gradual than projected Read More...
20 October 2009
Bank of Canada Maintains Overnight Rate
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Recent indicators point to the start of a global recovery Read More...
29 September 2009
No guarantee rates will stay low, Carney warns
Paul Vieira, Financial Post, with files from Reuters Published: Monday, September 28, 2009 OTTAWA -- Governments will be required to undertake "concerted" and "sharp" efforts to restore fiscal sustainability once a market-led recovery Read More...
06 June 2009
Bank of Canada holds interest rates steady
Canadian Real Estate Association Published June 5, 2009 Overnight rate stays at 0.25 per cent The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on June 4 th , 2009. The trend-setting Bank rate, which is Read More...
18 March 2009
Banks begin to decline federal aid in first sign of recovery
Credit conditions easing, banks no longer struggling to raise funds to make loans TARA PERKINS © The Globe and Mail Tuesday, March 17, 2009 Canadian banks are turning down some of the funding that the government is making available to them, a sign Read More...
15 February 2009
Canadian economy and the banking system
Ed note: It is nice to hear the Americans commending Canada for a job well done when it comes to the financial sector. NEWSWEEK - From the magazine issue dated Feb 16, 2009 The legendary editor of The New Republic, Michael Kinsley, once held a "Boring Read More...
09 December 2008
Bank of Canada drops rate .75%!
Economic crisis, turmoil, political upheaval... we thought you could use a little good real estate related market news! In a further attempt to get the economy moving, the Bank of Canada announced a .75% decrease to their overnight rate this morning, Read More...
26 November 2008
Mortgage rates chopped by 2 Canadian banks
Two Canadian banks did their bit to unclog the country's constricted housing market Wednesday by cutting mortgage rates. The Royal Bank of Canada and the Bank of Montreal both chopped borrowing costs for people seeking to buy a home. RBC cut its mortgage Read More...
21 October 2008
Bank of Canada lowers rate
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 Read More...
15 July 2008
Bank of Canada keeps overnight rate target at 3 per cent
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. Three major developments are Read More...
22 April 2008
Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 per cent
OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 Read More...