CANADA

Canadian economic outlook, growth/productivity, jobs, BoC decisions, interest rates, monetary policy.

Bank of Canada Maintains Rate At 1% – 10/25/2011

October 25, 2011

On 10/25/2011, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% (1 1/4 percent) and the deposit rate is 0.75% (3/4 percent).

2011 Mid-Year Canadian Economic Update & Outlook

By The Investment Blogger

June 1, 2011

In the first half of 2011 Canada's economy saw modest improvement, but was pressured by high unemployment, prices, increasing imports, and household debt.

Bank of Canada Maintains Rate At 1% – 5/31/2011

By The Investment Blogger

May 31, 2011

On 5/31/2011, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% (1 1/4 percent) and the deposit rate is 0.75% (3/4 percent).

Canadian Banks Lower Rates 5/28/2011

By The Investment Blogger

May 28, 2011

Toronto Banking Towers (CIBC RBC TD) cloudy

On 5/27/2011, four of Canada's largest banks announced decreases to a number of their fixed rate mortgages by 0.10%. The Royal Bank of Canada (RBC), Toronto Dominion Bank (TD Canada Trust), Bank of Montreal (BMO), and Bank of Nova Scotia (Scotiabank)..

Bank of Canada Maintains Overnight Rate At 1% – 4/12/2011

By The Investment Blogger

April 12, 2011

On 4/12/2011, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% (1 1/4 percent) and the deposit rate is 0.75% (3/4 percent). . Canada’s Recovery & Rebalancing Of Demand The move reflects the central bank’s observation that economic activity in Canada has...

TD Canada Trust Raises Rates 4/5/2011

By The Investment Blogger

April 4, 2011

On 4/4/2011, the Toronto Dominion Bank (TD Canada Trust) , announced fixed mortgage rate increases. It is expected that the other big banks (Royal Bank, CIBC, Scotia, National Bank, BMO, etc) will follow suite and raise rates as well.

Bank of Canada Maintains Overnight Rate At 1% – 3/1/2011

By The Investment Blogger

March 1, 2011

On 3/01/2011, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% (1 1/4 percent) and the deposit rate is 0.75% (3/4 percent). . Canada’s Recovery & Rebalancing Of Demand The move reflects the central bank’s observation that economic activity in Canada has...

Bank of Canada Holds Overnight Rate At 1% – 1/18/2011

By The Investment Blogger

January 18, 2011

On 1/18/2011, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%. . Canada’s Weak Net Exports & High Household Debt The move reflects the central bank’s observation that economic activity in Canada has been proceeding as...

RBC Royal Bank Raises Rates 12/15/2010

By The Investment Blogger

December 15, 2010

On 12/14/2010, The Royal Bank of Canada (RBC) announced mortgage rate increases, along with the Toronto Dominion Bank (TD Canada Trust) . It is expected that the other big banks will raise rates by the end of the week. Royal Bank increased its 5 year closed mortgage 0.20% to 4.24%. Its 6 month...

Bank of Canada Maintains Overnight Rate Target At 1% – 12/7/2010

By The Investment Blogger

December 7, 2010

On 12/7/2010, The Bank of Canada (BoC) announced it is maintaining its overnight interest rate at 1%. The Bank Rate is correspondingly 1.25% and the deposit rate is 0.75%. . Canada’s weak net exports & productivity The move reflects the central bank’s observation that economic activity in Canada has been slightly weaker than it...