BY NEWS STAFF Posted Apr 15, 2020 6:45 am MDT Last Updated Apr 15, 2020 at 8:28 am MDT OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, saying this morning that it is effectively as low as it can go to combat the economic impacts of COVID-19. The central bank … Read More
BY THE CANADIAN PRESS AND RICHARD DETTMAN Posted Mar 27, 2020 7:10 am MDT Last Updated Mar 27, 2020 at 8:28 am MDT OTTAWA – The Bank of Canada has made its second emergency interest rate cut this month, lowering its benchmark rate by half a point to 0.25 per cent, due to COVID-19. In a statement on its website, the … Read More
Rate cut comes on top of previous 50-point cut last week Pete Evans · CBC News · Posted: Mar 13, 2020 2:20 PM ET | The Bank of Canada has made an unexpected rate cut, cutting the central bank’s benchmark interest rate by 50 basis points to 0.75 per cent. The central bank already cut its rate to 1.25 per cent at a previously … Read More
BY THE CANADIAN PRESS Posted Mar 4, 2020 8:17 am MST Last Updated Mar 4, 2020 at 9:23 am MST OTTAWA – The Bank of Canada is cutting its key interest rate target by half of a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak. The central bank says its target for … Read More
BY THE CANADIAN PRESS Posted Sep 4, 2019 8:05 am MDT OTTAWA — The Bank of Canada is holding steady on interest rates as it gauges the extent of the damage that deepening trade conflicts have had on the domestic and global economies. The rate decision, which was widely expected, keeps the central bank’s overnight rate at 1.75 per cent and follows a solid second-quarter rebound for the Canadian economy. In the … Read More
BY THE CANADIAN PRESS Posted Jan 16, 2019 3:09 pm MST TORONTO — Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent. Mortgage rate comparison website founder Robert McLister says RBC is the first of the Big Six banks to cut its advertised five-year fixed rate after … Read More
Roughly 50/50 odds of a rate hike next month Pete Evans · CBC News · Posted: Apr 18, 2018 10:09 AM ET | Last Updated: April 18 The Bank of Canada decided to keep its benchmark interest rate right where it is on Wednesday, but warned of rate hikes to come as inflation heats up. The target for the overnight … Read More
Josh Skapin, Calgary Herald Published on: April 6, 2018 | Last Updated: April 6, 2018 4:55 PM MDT The number of single-family homes that changed hands through Calgary’s resale market this past March eased 27 per cent from the same month in 2017. There were 848 sales of previously owned single-family homes in the city last month, dipping from 1,171 … Read More
By: Andy Blatchford The Canadian Press Published on Wed Mar 07 2018 The 1.25 per cent benchmark is on hold amid concerns over recent trade policy developments and NAFTA renegotiations. OTTAWA — The Bank of Canada kept its key interest rate target on hold Wednesday as it pointed to a climate of broadening, important unknowns around trade. In explaining its decision to maintain its benchmark at … Read More
Pete Evans · CBC News · Posted: January 18th 2018, 11:42:45 AM | Last Updated: January 18 Canada’s biggest lenders have raised their prime lending rates on the same day the country’s central bank moved its benchmark interest rate a quarter percentage point higher. The Bank of Canada raised its key lending rate by a quarter point to 1.25 per cent Wednesday morning, the … Read More