Bank of Canada Maintains Rate At 1% – 10/25/2011
Oct25

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

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).

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2011 Mid-Year Canadian Economic Update & Outlook
Jun01

2011 Mid-Year Canadian Economic Update & Outlook

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

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Bank of Canada Maintains Rate At 1% – 5/31/2011
May31

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

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).

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Canadian Banks Lower Rates 5/28/2011
May28

Canadian Banks Lower Rates 5/28/2011

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)..

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Bank of Canada Maintains Overnight Rate At 1% – 4/12/2011
Apr12

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

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 been “stronger than the Bank had anticipated”: • Aggregate demand is rebalancing toward business...

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TD Canada Trust Raises Rates 4/5/2011
Apr04

TD Canada Trust Raises Rates 4/5/2011

On 4/4/2011, the Toronto Dominion Bank (TD Canada Trust) [TD/tse:TD], 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.

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